11,258 Shares in Onsemi (NASDAQ:ON) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Onsemi (NASDAQ:ON) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,258 shares of the semiconductor company’s stock, valued at approximately $772,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in Onsemi by 23.5% in the 4th quarter. Private Advisor Group LLC now owns 8,551 shares of the semiconductor company’s stock valued at $714,000 after buying an additional 1,625 shares during the last quarter. Principal Securities Inc. acquired a new position in Onsemi during the fourth quarter valued at approximately $204,000. Avantax Advisory Services Inc. grew its stake in Onsemi by 2.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,539 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 213 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Onsemi by 52.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,119 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 729 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Onsemi during the 4th quarter worth approximately $278,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

ON has been the topic of a number of recent analyst reports. Benchmark upped their price target on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Roth Mkm raised their target price on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Susquehanna boosted their price target on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. TD Cowen raised their price objective on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Citigroup cut Onsemi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $77.00 in a research note on Monday, July 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Onsemi has a consensus rating of “Hold” and a consensus target price of $85.61.

Insider Buying and Selling at Onsemi

In related news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the completion of the sale, the insider now directly owns 231,092 shares in the company, valued at approximately $18,011,310.48. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

ON opened at $71.72 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. Onsemi has a 52-week low of $59.34 and a 52-week high of $98.07. The firm has a market cap of $30.86 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 3.79 and a beta of 1.66. The business’s fifty day moving average is $73.27 and its 200-day moving average is $72.47.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. Sell-side analysts expect that Onsemi will post 4.01 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.