4,616 Shares in Onsemi (NASDAQ:ON) Bought by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC acquired a new position in shares of Onsemi (NASDAQ:ONFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,616 shares of the semiconductor company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors purchased a new stake in Onsemi during the fourth quarter worth $697,276,000. Invesco Ltd. boosted its position in Onsemi by 26.0% during the third quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock worth $540,306,000 after purchasing an additional 1,200,723 shares in the last quarter. Norges Bank purchased a new stake in Onsemi during the fourth quarter worth $418,102,000. Ameriprise Financial Inc. boosted its position in Onsemi by 23.7% during the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock worth $397,108,000 after purchasing an additional 817,237 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Onsemi by 4.3% in the third quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock valued at $382,755,000 after acquiring an additional 171,432 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ON shares. Morgan Stanley reduced their target price on Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. The Goldman Sachs Group reduced their target price on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Mizuho reduced their target price on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Wells Fargo & Company reduced their target price on Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 23rd. Finally, Rosenblatt Securities dropped their price target on Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.28.

Get Our Latest Report on Onsemi

Insiders Place Their Bets

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Onsemi Trading Down 0.2 %

Shares of ON opened at $72.31 on Friday. The company has a market capitalization of $31.11 billion, a P/E ratio of 14.76, a P/E/G ratio of 3.29 and a beta of 1.71. Onsemi has a one year low of $59.34 and a one year high of $111.35. 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 50-day moving average price of $70.08 and a 200 day moving average price of $74.54.

Onsemi (NASDAQ:ONGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business posted $1.19 earnings per share. Onsemi’s revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts forecast that Onsemi will post 3.83 EPS for the current fiscal year.

Onsemi Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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