Fulton Bank N.A. Acquires 1,758 Shares of Onsemi (NASDAQ:ON)

Fulton Bank N.A. lifted its holdings in shares of Onsemi (NASDAQ:ON) by 61.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,640 shares of the semiconductor company’s stock after acquiring an additional 1,758 shares during the period. Fulton Bank N.A.’s holdings in Onsemi were worth $293,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. lifted its holdings in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Onsemi during the 3rd quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Onsemi by 42.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 269 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ON has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Roth Mkm reaffirmed a “buy” rating and issued a $100.00 target price on shares of Onsemi in a research note on Thursday, December 12th. BNP Paribas dropped their target price on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. KeyCorp dropped their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and a consensus price target of $84.43.

Onsemi Stock Performance

Shares of ON opened at $53.94 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a twelve month low of $53.60 and a twelve month high of $85.16. The firm’s 50 day moving average price is $67.20 and its two-hundred day moving average price is $70.35. The firm has a market cap of $22.97 billion, a P/E ratio of 13.38, a PEG ratio of 7.07 and a beta of 1.64.

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

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The shares were 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 owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

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.