Everpar Advisors LLC Purchases 302 Shares of Onsemi (NASDAQ:ON)

Everpar Advisors LLC lifted its position in shares of Onsemi (NASDAQ:ON) by 9.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,450 shares of the semiconductor company’s stock after buying an additional 302 shares during the period. Everpar Advisors LLC’s holdings in Onsemi were worth $236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi during the fourth quarter valued at approximately $33,000. Private Wealth Management Group LLC bought a new position in Onsemi in the 4th quarter worth $33,000. Westside Investment Management Inc. lifted its position in shares of Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 550 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Onsemi during the first quarter valued at about $45,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Onsemi news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Onsemi Trading Down 0.1 %

Shares of NASDAQ ON traded down $0.04 during trading hours on Friday, hitting $75.84. 5,390,098 shares of the company traded hands, compared to its average volume of 7,003,052. The stock has a market capitalization of $32.63 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.34 and a beta of 1.69. The company’s 50 day moving average price is $72.34 and its 200 day moving average price is $73.01. Onsemi has a 12 month low of $59.34 and a 12 month high of $101.30. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $1.74 billion for 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 revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. On average, equities research analysts anticipate that Onsemi will post 4.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $92.00 target price on shares of Onsemi in a report on Thursday, June 13th. Citigroup cut Onsemi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $77.00 in a research note on Monday, July 15th. Roth Mkm increased their price objective on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company decreased their target price on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Finally, Bank of America raised their price target on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Onsemi Company 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.