Atria Investments Inc Boosts Position in Onsemi (NASDAQ:ON)

Atria Investments Inc lifted its stake in shares of Onsemi (NASDAQ:ON) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,316 shares of the semiconductor company’s stock after acquiring an additional 1,268 shares during the period. Atria Investments Inc’s holdings in Onsemi were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Swedbank AB acquired a new position in Onsemi in the first quarter valued at about $90,274,000. American Century Companies Inc. lifted its position in Onsemi by 451.3% in the second quarter. American Century Companies Inc. now owns 1,111,112 shares of the semiconductor company’s stock valued at $76,167,000 after buying an additional 909,558 shares during the last quarter. Van ECK Associates Corp lifted its position in Onsemi by 26.4% in the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock valued at $237,559,000 after buying an additional 729,081 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Onsemi by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock valued at $289,088,000 after buying an additional 665,633 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Onsemi by 66.4% in the second quarter. 1832 Asset Management L.P. now owns 1,440,450 shares of the semiconductor company’s stock valued at $98,743,000 after buying an additional 574,900 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ON. Deutsche Bank Aktiengesellschaft increased their price target on shares of Onsemi from $85.00 to $90.00 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. Roth Mkm increased their price target on shares of Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and an average target price of $86.30.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the transaction, the chief executive officer now owns 839,210 shares of the company’s stock, valued at $61,018,959.10. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Onsemi Price Performance

Onsemi stock opened at $64.76 on Friday. Onsemi has a one year low of $59.34 and a one year high of $86.77. 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 business has a fifty day moving average of $70.43 and a two-hundred day moving average of $71.87. The company has a market cap of $27.57 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 7.34 and a beta of 1.65.

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

Onsemi 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.