Valeo Financial Advisors LLC Has $272,000 Stock Holdings in Onsemi (NASDAQ:ON)

Valeo Financial Advisors LLC boosted its stake in shares of Onsemi (NASDAQ:ON) by 11.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,253 shares of the semiconductor company’s stock after buying an additional 326 shares during the period. Valeo Financial Advisors LLC’s holdings in Onsemi were worth $272,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ON. Provence Wealth Management Group bought a new position in shares of Onsemi during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Onsemi in the fourth quarter valued at $32,000. FinTrust Capital Advisors LLC acquired a new stake in Onsemi in the 4th quarter valued at $25,000. Ancora Advisors LLC bought a new stake in Onsemi during the 1st quarter worth about $33,000. Finally, Hanseatic Management Services Inc. acquired a new position in shares of Onsemi during the 3rd quarter worth about $38,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Trading Down 1.5 %

ON opened at $65.64 on Tuesday. The company’s 50 day moving average is $75.91 and its 200-day moving average is $77.04. The company has a market cap of $28.22 billion, a P/E ratio of 13.42, a PEG ratio of 6.45 and a beta of 1.80. Onsemi has a 1-year low of $61.47 and a 1-year high of $111.35. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. Equities research analysts predict that Onsemi will post 4.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen increased their price target on Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Truist Financial lowered their target price on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Roth Mkm increased their price target on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Needham & Company LLC restated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. Finally, KeyCorp boosted their price target on Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and an average target price of $98.79.

About Onsemi

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.