Onsemi (NASDAQ:ON) Holdings Boosted by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA grew its stake in shares of Onsemi (NASDAQ:ON) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,789 shares of the semiconductor company’s stock after purchasing an additional 7,032 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Onsemi were worth $6,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Davis Investment Partners LLC grew its position in Onsemi by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock worth $1,224,000 after purchasing an additional 142 shares during the last quarter. Greenleaf Trust grew its holdings in Onsemi by 3.4% in the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after buying an additional 173 shares in the last quarter. Meridian Financial Partners LLC increased its position in Onsemi by 1.7% in the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after acquiring an additional 192 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after acquiring an additional 206 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after acquiring an additional 209 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of ON opened at $55.05 on Monday. The company has a market capitalization of $23.44 billion, a PE ratio of 13.72, a PEG ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company’s 50 day moving average price is $64.00 and its 200 day moving average price is $69.08. Onsemi has a 52 week low of $53.10 and a 52 week high of $85.16.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Onsemi’s revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Research analysts expect that Onsemi will post 4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ON. Roth Mkm reiterated a “buy” rating and set a $100.00 price objective on shares of Onsemi in a research note on Thursday, December 12th. TD Cowen dropped their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BNP Paribas decreased their target price on Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.70.

Insider Buying and Selling at Onsemi

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

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.