Inspire Investing LLC Acquires 1,639 Shares of Onsemi (NASDAQ:ON)

Inspire Investing LLC boosted its holdings in shares of Onsemi (NASDAQ:ON) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 56,966 shares of the semiconductor company’s stock after buying an additional 1,639 shares during the period. Inspire Investing LLC’s holdings in Onsemi were worth $3,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. Blair William & Co. IL grew its holdings in Onsemi by 11.3% during the 2nd quarter. Blair William & Co. IL now owns 4,249 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 432 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Onsemi by 77.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 16,909 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 7,386 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Onsemi by 82.4% in the 2nd quarter. Marshall Wace LLP now owns 269,724 shares of the semiconductor company’s stock valued at $18,490,000 after buying an additional 121,870 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Onsemi by 59.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,847 shares of the semiconductor company’s stock valued at $5,611,000 after buying an additional 30,425 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Onsemi by 59.8% in the 2nd quarter. Toronto Dominion Bank now owns 241,394 shares of the semiconductor company’s stock valued at $16,548,000 after buying an additional 90,293 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Up 0.8 %

Shares of ON opened at $56.03 on Thursday. The firm has a market cap of $23.86 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 10.54 and a beta of 1.64. Onsemi has a 12-month low of $53.10 and a 12-month high of $85.16. The company’s 50-day moving average price is $64.42 and its 200 day moving average price is $69.40. 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 (NASDAQ:ON) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Onsemi’s revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. On average, sell-side analysts forecast that Onsemi will post 4 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ON. Loop Capital began coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target on the stock. Truist Financial restated a “hold” rating and issued a $60.00 price target (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $87.00 price target on shares of Onsemi in a report on Tuesday, November 19th. Mizuho set a $85.00 price objective on shares of Onsemi in a research report on Friday, October 18th. Finally, BNP Paribas decreased their price objective on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.26.

Insider Activity at Onsemi

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

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.