Wipfli Financial Advisors LLC Takes Position in onsemi (NASDAQ:ON)

Wipfli Financial Advisors LLC acquired a new position in onsemi (NASDAQ:ON – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,030 shares of the semiconductor company’s stock, valued at approximately $127,000.

A number of other institutional investors have also recently made changes to their positions in the business. GHP Investment Advisors Inc. acquired a new stake in onsemi during the 2nd quarter worth about $25,000. Assetmark Inc. acquired a new position in shares of onsemi in the 2nd quarter valued at about $27,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of onsemi in the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of onsemi by 28.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 905 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 200 shares during the period. Finally, Clear Street Markets LLC acquired a new position in shares of onsemi in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 96.84% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of several analyst reports. Susquehanna decreased their price objective on onsemi from $82.00 to $80.00 and set a “positive” rating for the company in a report on Tuesday, November 1st. UBS Group decreased their price objective on onsemi to $65.00 in a report on Friday, November 4th. Needham & Company LLC decreased their price objective on onsemi from $80.00 to $73.00 in a report on Tuesday, October 25th. Truist Financial decreased their price objective on onsemi to $72.00 in a report on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on onsemi from $70.00 to $77.00 in a research note on Wednesday, December 14th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, onsemi presently has an average rating of “Moderate Buy” and a consensus price target of $74.18.

onsemi Trading Up 3.5 %

Shares of onsemi stock opened at $64.65 on Tuesday. The stock has a market cap of $27.96 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.68 and a beta of 1.76. The stock’s 50 day simple moving average is $67.45 and its 200-day simple moving average is $64.85. onsemi has a 1-year low of $44.76 and a 1-year high of $77.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.02 and a quick ratio of 2.12.

onsemi (NASDAQ:ON – Get Rating) last issued its earnings results on Monday, October 31st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.12 billion. onsemi had a return on equity of 43.37% and a net margin of 21.36%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Analysts predict that onsemi will post 5.27 EPS for the current fiscal year.

onsemi Profile

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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.