EP Wealth Advisors LLC Buys 239 Shares of Onsemi (NASDAQ:ON)

EP Wealth Advisors LLC grew its stake in Onsemi (NASDAQ:ON) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,864 shares of the semiconductor company’s stock after purchasing an additional 239 shares during the period. EP Wealth Advisors LLC’s holdings in Onsemi were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ON. Integrated Advisors Network LLC lifted its stake in shares of Onsemi by 1.7% during the 4th quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after acquiring an additional 164 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Onsemi by 7.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 177 shares during the last quarter. STF Management LP lifted its stake in shares of Onsemi by 2.5% during the 4th quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 178 shares during the last quarter. Covestor Ltd lifted its stake in shares of Onsemi by 24.5% during the 1st quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 190 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Onsemi by 25.3% during the 4th quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 198 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ON. TD Cowen decreased their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Citigroup lowered Onsemi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $77.00 in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Evercore ISI began coverage on Onsemi in a research report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 target price for the company. Finally, Benchmark decreased their target price on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and a consensus price target of $88.36.

Onsemi Stock Up 3.9 %

ON stock traded up $2.63 on Friday, hitting $70.17. 7,765,453 shares of the company’s stock were exchanged, compared to its average volume of 5,793,002. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The firm has a 50 day moving average price of $72.55 and a two-hundred day moving average price of $73.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The stock has a market cap of $30.19 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.93 and a beta of 1.69.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, equities research analysts expect that Onsemi will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.