Onsemi (NASDAQ:ON) Shares Purchased by AlphaMark Advisors LLC

AlphaMark Advisors LLC boosted its holdings in shares of Onsemi (NASDAQ:ON) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,958 shares of the semiconductor company’s stock after acquiring an additional 897 shares during the period. AlphaMark Advisors LLC’s holdings in Onsemi were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ON. Nordea Investment Management AB increased its position in Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after purchasing an additional 82,614 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Onsemi by 1.4% during the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after buying an additional 18,450 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Onsemi in the third quarter valued at approximately $1,270,000. Oak Thistle LLC purchased a new position in shares of Onsemi during the fourth quarter valued at approximately $515,000. Finally, Public Employees Retirement System of Ohio boosted its position in Onsemi by 18.7% during the third quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock worth $14,116,000 after acquiring an additional 30,695 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

Onsemi stock opened at $54.50 on Friday. Onsemi has a 12-month low of $53.10 and a 12-month high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 10.62 and a beta of 1.64. The firm’s fifty day moving average price is $64.00 and its 200 day moving average price is $69.14.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was down 19.2% compared to the same quarter last year. On average, research analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ON shares. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. B. Riley reduced their target price on Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark restated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a report on Tuesday, October 29th. KeyCorp cut their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and an average target price of $81.70.

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.