Onsemi (NASDAQ:ON) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Onsemi (NASDAQ:ON) by 288.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 160,770 shares of the semiconductor company’s stock after buying an additional 119,428 shares during the period. Empowered Funds LLC’s holdings in Onsemi were worth $10,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ON. Capital Performance Advisors LLP purchased a new stake in Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi in the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% in 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 acquired a new stake in shares of Onsemi during the 3rd quarter worth $43,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Onsemi during the 4th quarter worth $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi 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 transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Onsemi Trading Down 2.3 %

ON opened at $51.25 on Monday. Onsemi has a 12-month low of $49.80 and a 12-month high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The stock has a market capitalization of $21.82 billion, a PE ratio of 12.72, a P/E/G ratio of 10.27 and a beta of 1.61. The firm’s fifty day moving average price is $60.60 and its 200 day moving average price is $67.49.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ON. Truist Financial reissued a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Robert W. Baird increased their price objective on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Mizuho set a $85.00 target price on shares of Onsemi in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

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.