Ieq Capital LLC Acquires 7,034 Shares of onsemi (NASDAQ:ON)

Ieq Capital LLC boosted its position in shares of onsemi (NASDAQ:ONGet Rating) by 59.8% during the third quarter, Holdings Channel.com reports. The fund owned 18,798 shares of the semiconductor company’s stock after acquiring an additional 7,034 shares during the quarter. Ieq Capital LLC’s holdings in onsemi were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in onsemi during the 2nd quarter worth approximately $25,000. Assetmark Inc. bought a new stake in onsemi during the 2nd quarter worth approximately $27,000. Bradley & Co. Private Wealth Management LLC bought a new stake in onsemi during the 3rd quarter worth approximately $30,000. Mizuho Securities Co. Ltd. bought a new stake in onsemi during the 3rd quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. raised its stake in onsemi by 28.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 905 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 200 shares during the period. Institutional investors own 96.84% of the company’s stock.

Analyst Ratings Changes

ON has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of onsemi from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday. Mizuho cut their price objective on shares of onsemi from $79.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, November 1st. Susquehanna cut their price objective on shares of onsemi from $82.00 to $80.00 and set a “positive” rating for the company in a report on Tuesday, November 1st. Rosenblatt Securities cut their price objective on shares of onsemi to $75.00 in a report on Friday, November 4th. Finally, William Blair lowered shares of onsemi from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 10th. Eight investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $74.64.

onsemi Stock Down 1.0 %

Shares of ON opened at $70.08 on Wednesday. The company has a market cap of $30.30 billion, a PE ratio of 18.16, a P/E/G ratio of 0.77 and a beta of 1.76. The business has a fifty day moving average of $67.28 and a 200 day moving average of $66.06. onsemi has a 52-week low of $44.76 and a 52-week high of $77.28. The company has a quick ratio of 2.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.54.

onsemi (NASDAQ:ONGet Rating) last released 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. onsemi had a return on equity of 43.37% and a net margin of 21.36%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts expect that onsemi will post 5.28 EPS for the current year.

About onsemi

(Get Rating)

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.

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Institutional Ownership by Quarter for onsemi (NASDAQ:ON)

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