Circle Wealth Management LLC Increases Stock Holdings in Onsemi (NASDAQ:ON)

Circle Wealth Management LLC boosted its stake in Onsemi (NASDAQ:ON) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,873 shares of the semiconductor company’s stock after acquiring an additional 2,045 shares during the quarter. Circle Wealth Management LLC’s holdings in Onsemi were worth $875,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Onsemi by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock worth $3,224,081,000 after buying an additional 344,354 shares in the last quarter. Norges Bank bought a new stake in shares of Onsemi in the 4th quarter worth about $378,312,000. Dimensional Fund Advisors LP raised its stake in shares of Onsemi by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company’s stock valued at $316,195,000 after purchasing an additional 771,610 shares in the last quarter. Capital International Investors grew its stake in Onsemi by 0.7% in the fourth quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company’s stock worth $265,737,000 after purchasing an additional 31,365 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Onsemi by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 0.8 %

Shares of NASDAQ:ON opened at $38.80 on Thursday. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08. The firm has a fifty day moving average price of $39.89 and a 200 day moving average price of $54.37. The stock has a market capitalization of $16.38 billion, a PE ratio of 10.69, a P/E/G ratio of 16.74 and a beta of 1.39. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s revenue was down 22.4% on a year-over-year basis. Analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

ON has been the subject of a number of research reports. Jefferies Financial Group decreased their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday, February 10th. Stifel Nicolaus lowered their price objective on shares of Onsemi from $52.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Robert W. Baird lowered their target price on Onsemi from $42.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday. Roth Mkm reduced their price target on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Benchmark decreased their target price on Onsemi from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.32.

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.