Spire Wealth Management Has $140,000 Position in Onsemi (NASDAQ:ON)

Spire Wealth Management boosted its position in Onsemi (NASDAQ:ON) by 81.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,216 shares of the semiconductor company’s stock after purchasing an additional 996 shares during the period. Spire Wealth Management’s holdings in Onsemi were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi in the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the third quarter valued at about $33,000. GHP Investment Advisors Inc. increased its stake in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the third quarter valued at about $43,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Onsemi in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Down 2.3 %

ON opened at $51.25 on Friday. The company has a market cap of $21.82 billion, a P/E ratio of 12.72, a P/E/G ratio of 10.02 and a beta of 1.61. The business’s 50-day moving average price is $60.60 and its 200-day moving average price is $67.54. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ON shares. BNP Paribas cut their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Loop Capital started coverage on Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 target price on the stock. The Goldman Sachs Group decreased their price target on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Mizuho set a $85.00 price target on Onsemi in a research report on Friday, October 18th. Finally, Wells Fargo & Company decreased their target price on Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

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.