Premier Path Wealth Partners LLC Takes $204,000 Position in Onsemi (NASDAQ:ON)

Premier Path Wealth Partners LLC purchased a new stake in Onsemi (NASDAQ:ONFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,446 shares of the semiconductor company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ON. Provence Wealth Management Group acquired a new stake in shares of Onsemi in the 3rd quarter valued at approximately $25,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Onsemi in the 4th quarter valued at approximately $25,000. Ancora Advisors LLC acquired a new stake in shares of Onsemi in the 1st quarter valued at approximately $33,000. Hanseatic Management Services Inc. acquired a new stake in shares of Onsemi in the 3rd quarter valued at approximately $38,000. Finally, Headinvest LLC acquired a new stake in shares of Onsemi in the 3rd quarter valued at approximately $44,000. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Down 1.5 %

Shares of NASDAQ ON opened at $73.54 on Tuesday. Onsemi has a 12-month low of $61.47 and a 12-month high of $111.35. The stock’s fifty day simple moving average is $76.69 and its two-hundred day simple moving average is $79.54. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $31.67 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 7.23 and a beta of 1.81.

Onsemi (NASDAQ:ONGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. As a group, analysts expect that Onsemi will post 4.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ON shares. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a research report on Tuesday, February 6th. KeyCorp increased their price objective on Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. TD Cowen increased their target price on Onsemi from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $82.00 target price on shares of Onsemi in a report on Thursday, March 14th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.79.

Read Our Latest Research Report on Onsemi

Onsemi Profile

(Free Report)

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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