Onsemi (NASDAQ:ON) Shares Bought by Thematics Asset Management

Thematics Asset Management lifted its stake in shares of Onsemi (NASDAQ:ON) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,903 shares of the semiconductor company’s stock after acquiring an additional 11,996 shares during the period. Thematics Asset Management’s holdings in Onsemi were worth $13,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in shares of Onsemi during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi in the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. grew its holdings in Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings 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 worth $43,000 after acquiring an additional 169 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Onsemi in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ON. BNP Paribas dropped their price target on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Roth Mkm increased their target price on Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and set a $87.00 target price on shares of Onsemi in a report on Tuesday, November 19th. Finally, Morgan Stanley raised their price target on shares of Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.87.

Onsemi Stock Down 0.6 %

NASDAQ ON traded down $0.46 on Tuesday, hitting $71.93. 471,215 shares of the stock traded hands, compared to its average volume of 6,681,699. The company has a market capitalization of $30.63 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 7.47 and a beta of 1.65. The stock has a 50-day moving average of $70.25 and a 200 day moving average of $71.81. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was down 19.2% compared to the same quarter last year. As a group, analysts expect that Onsemi will post 4 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the transaction, the chief executive officer now directly owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by insiders.

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.