Apollon Wealth Administration LLC raised its stake in shares of Onsemi (NASDAQ:ON – Free Report) by 75.1% in the course of the third quarter, in keeping with its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 10,652 shares of the semiconductor firm’s inventory after buying a further 4,569 shares in the course of the quarter. Apollon Wealth Administration LLC’s holdings in Onsemi had been value $773,000 on the finish of the newest reporting interval.
Quite a lot of different institutional traders and hedge funds have additionally made adjustments to their positions in ON. Ashton Thomas Securities LLC bought a brand new stake in shares of Onsemi in the course of the third quarter value $33,000. Jensen Funding Administration Inc. lifted its place in shares of Onsemi by 20.1% in the course of the third quarter. Jensen Funding Administration Inc. now owns 40,710 shares of the semiconductor firm’s inventory valued at $2,956,000 after shopping for a further 6,820 shares over the past quarter. Sanctuary Wealth Administration L.L.C. lifted its place in shares of Onsemi by 5.0% in the course of the third quarter. Sanctuary Wealth Administration L.L.C. now owns 23,166 shares of the semiconductor firm’s inventory valued at $1,682,000 after shopping for a further 1,100 shares over the past quarter. Atria Investments Inc boosted its holdings in shares of Onsemi by 9.0% within the third quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor firm’s inventory valued at $1,112,000 after shopping for a further 1,268 shares within the final quarter. Lastly, Carmel Capital Companions LLC grew its place in shares of Onsemi by 8.3% within the third quarter. Carmel Capital Companions LLC now owns 23,689 shares of the semiconductor firm’s inventory value $1,720,000 after shopping for a further 1,814 shares over the past quarter. 97.70% of the inventory is presently owned by hedge funds and different institutional traders.
Insider Exercise at Onsemi
In different information, CEO Hassane El-Khoury bought 1,500 shares of the enterprise’s inventory in a transaction that occurred on Monday, September sixteenth. The inventory was bought at a median value of $70.80, for a complete transaction of $106,200.00. Following the transaction, the chief govt officer now immediately owns 840,620 shares within the firm, valued at $59,515,896. The commerce was a 0.18 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is out there at this hyperlink. 0.31% of the inventory is presently owned by company insiders.
Onsemi Inventory Down 3.4 %
Shares of ON inventory opened at $64.76 on Friday. The corporate has a present ratio of three.07, a fast ratio of two.02 and a debt-to-equity ratio of 0.30. The inventory has a market cap of $27.57 billion, a P/E ratio of 16.07, a P/E/G ratio of seven.34 and a beta of 1.65. The inventory has a 50 day shifting common of $70.43 and a 200 day shifting common of $71.86. Onsemi has a twelve month low of $59.34 and a twelve month excessive of $86.77.
Onsemi (NASDAQ:ON – Get Free Report) final issued its quarterly earnings outcomes on Monday, October twenty eighth. The semiconductor firm reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The corporate had income of $1.76 billion for the quarter, in comparison with the consensus estimate of $1.75 billion. Onsemi had a return on fairness of twenty-two.38% and a internet margin of 23.80%. Onsemi’s income for the quarter was down 19.2% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the enterprise posted $1.39 earnings per share. As a gaggle, sell-side analysts count on that Onsemi will publish 4 EPS for the present yr.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have weighed in on ON shares. JPMorgan Chase & Co. raised their goal value on shares of Onsemi from $85.00 to $88.00 and gave the corporate a “impartial” score in a analysis observe on Tuesday, July thirtieth. Deutsche Financial institution Aktiengesellschaft raised their value goal on Onsemi from $85.00 to $90.00 and gave the inventory a “purchase” score in a analysis report on Tuesday, July thirtieth. Truist Monetary decreased their value goal on Onsemi from $97.00 to $89.00 and set a “purchase” score for the corporate in a analysis observe on Tuesday, October twenty ninth. Loop Capital began protection on Onsemi in a analysis observe on Monday, November eleventh. They set a “purchase” score and a $95.00 value goal on the inventory. Lastly, Morgan Stanley upped their value goal on shares of Onsemi from $63.00 to $64.00 and gave the corporate an “underweight” score in a report on Tuesday, October twenty ninth. Two analysts have rated the inventory with a promote score, six have issued a maintain score and sixteen have assigned a purchase score to the corporate. Based on information from MarketBeat.com, Onsemi presently has a median score of “Reasonable Purchase” and a consensus goal value of $86.30.
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Onsemi Firm Profile
onsemi is engaged in disruptive improvements and in addition a provider of energy and analog semiconductors. The agency presents car electrification and security, sustainable power grids, industrial automation, and 5G and cloud infrastructure, with a give attention to automotive and industrial end-markets. It operates by way of the next segments: Energy Options Group, Superior Options Group, and Clever Sensing Group.
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