Inspire Advisors LLC lifted its stake in Onsemi (NASDAQ:ON – Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,997 shares of the semiconductor company’s stock after buying an additional 405 shares during the period. Inspire Advisors LLC’s holdings in Onsemi were worth $617,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ON. Private Advisor Group LLC increased its holdings in Onsemi by 23.5% during the 4th quarter. Private Advisor Group LLC now owns 8,551 shares of the semiconductor company’s stock valued at $714,000 after purchasing an additional 1,625 shares during the period. Principal Securities Inc. purchased a new position in shares of Onsemi during the 4th quarter worth approximately $204,000. Avantax Advisory Services Inc. grew its holdings in shares of Onsemi by 2.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,539 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 213 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Onsemi by 52.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,119 shares of the semiconductor company’s stock worth $177,000 after acquiring an additional 729 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Onsemi during the 4th quarter worth approximately $278,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Insiders Place Their Bets
In other Onsemi news, insider Simon Keeton sold 30,939 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the sale, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on ON
Onsemi Trading Up 3.4 %
NASDAQ:ON opened at $71.72 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. The firm has a market capitalization of $30.86 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 3.79 and a beta of 1.66. Onsemi has a one year low of $59.34 and a one year high of $98.07. The business has a fifty day moving average price of $73.27 and a 200-day moving average price of $72.44.
Onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $1.33 EPS. Onsemi’s revenue was down 17.2% on a year-over-year basis. Sell-side analysts forecast that Onsemi will post 4.01 EPS for the current year.
Onsemi Company Profile
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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