Intellectus Partners LLC Has $936,000 Stock Holdings in Onsemi (NASDAQ:ON)

Intellectus Partners LLC lifted its stake in shares of Onsemi (NASDAQ:ON) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,885 shares of the semiconductor company’s stock after purchasing an additional 1,277 shares during the quarter. Intellectus Partners LLC’s holdings in Onsemi were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Onsemi during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi in the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. raised its holdings in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after buying an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Onsemi during the 2nd quarter worth $43,000. Institutional investors own 97.70% of the company’s stock.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the sale, the chief executive officer now owns 839,210 shares in the company, valued at approximately $61,018,959.10. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. Morgan Stanley boosted their price target on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, BNP Paribas cut their target price on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.30.

Onsemi Stock Down 2.1 %

Shares of NASDAQ ON opened at $67.02 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The stock has a market capitalization of $28.54 billion, a P/E ratio of 16.63, a P/E/G ratio of 7.34 and a beta of 1.65. The company has a 50-day moving average price of $70.49 and a 200-day moving average price of $71.90.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (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 during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Onsemi’s revenue was down 19.2% compared to the same quarter last year. On average, equities research analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

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.