Mather Group LLC. Grows Stock Holdings in Onsemi (NASDAQ:ON)

Mather Group LLC. increased its holdings in Onsemi (NASDAQ:ON) by 23.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,155 shares of the semiconductor company’s stock after purchasing an additional 784 shares during the quarter. Mather Group LLC.’s holdings in Onsemi were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Onsemi by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company’s stock valued at $4,205,014,000 after purchasing an additional 321,682 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Onsemi by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock valued at $289,088,000 after purchasing an additional 665,633 shares during the last quarter. Capital International Investors grew its stake in shares of Onsemi by 1.0% in the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after buying an additional 42,117 shares during the last quarter. Van ECK Associates Corp raised its stake in Onsemi by 7.9% during the second quarter. Van ECK Associates Corp now owns 2,765,975 shares of the semiconductor company’s stock valued at $189,608,000 after buying an additional 201,852 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in Onsemi by 6.7% in the first quarter. Earnest Partners LLC now owns 2,596,042 shares of the semiconductor company’s stock worth $190,939,000 after acquiring an additional 161,987 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the transaction, the chief executive officer now owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Simon Keeton sold 30,939 shares of Onsemi 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 transaction, the insider now directly owns 231,092 shares in the company, valued at approximately $18,011,310.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total value of $106,200.00. Following the sale, the chief executive officer now owns 840,620 shares of the company’s stock, valued at $59,515,896. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

ON has been the topic of a number of analyst reports. Morgan Stanley cut shares of Onsemi from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $70.00 to $65.00 in a research note on Thursday, July 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Citigroup cut shares of Onsemi from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $77.00 in a report on Monday, July 15th. Finally, Truist Financial increased their price target on Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.83.

Onsemi Trading Down 1.0 %

ON stock opened at $70.31 on Friday. Onsemi has a twelve month low of $59.34 and a twelve month high of $95.59. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 3.84 and a beta of 1.65. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $72.01 and its two-hundred day simple moving average is $71.59.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. As a group, analysts anticipate that Onsemi will post 4.01 earnings per share for the current year.

Onsemi 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.