Intellectus Partners LLC Acquires 869 Shares of Onsemi (NASDAQ:ON)

Intellectus Partners LLC increased its position in Onsemi (NASDAQ:ON) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,754 shares of the semiconductor company’s stock after acquiring an additional 869 shares during the quarter. Intellectus Partners LLC’s holdings in Onsemi were worth $867,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Onsemi in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi in the 3rd quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new position in Onsemi in the 4th quarter worth about $41,000. Safe Harbor Fiduciary LLC bought a new position in Onsemi in the 3rd quarter worth about $43,000. Finally, Synergy Asset Management LLC bought a new position in Onsemi during the 4th quarter valued at about $51,000. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ON. B. Riley lowered their target price on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Truist Financial lowered their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Craig Hallum lowered their target price on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Citigroup lowered their target price on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

Onsemi Stock Up 3.5 %

NASDAQ ON opened at $45.40 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The company has a market capitalization of $19.13 billion, a P/E ratio of 12.51, a P/E/G ratio of 16.74 and a beta of 1.59. Onsemi has a one year low of $43.33 and a one year high of $82.65. The stock has a 50 day moving average price of $53.59 and a 200-day moving average price of $64.33.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, equities analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

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.