100,595 Shares in Onsemi (NASDAQ:ON) Bought by Deltec Asset Management LLC

Deltec Asset Management LLC purchased a new stake in Onsemi (NASDAQ:ON) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 100,595 shares of the semiconductor company’s stock, valued at approximately $6,343,000. Onsemi comprises about 1.3% of Deltec Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Onsemi during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the 3rd quarter valued at about $43,000. Finally, Synergy Asset Management LLC bought a new position in Onsemi in the 4th quarter valued at about $51,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Trading Up 0.6 %

Shares of ON stock opened at $50.58 on Wednesday. The stock has a 50-day moving average of $61.72 and a 200-day moving average of $67.95. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 10.02 and a beta of 1.62. Onsemi has a 1-year low of $49.80 and a 1-year high of $85.16.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ON shares. Robert W. Baird boosted their price objective on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. KeyCorp dropped their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Morgan Stanley dropped their price objective on shares of Onsemi from $64.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Insiders Place Their Bets

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

About Onsemi

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.