Everpar Advisors LLC Acquires Shares of 5,184 Onsemi (NASDAQ:ON)

Everpar Advisors LLC acquired a new stake in Onsemi (NASDAQ:ON) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,184 shares of the semiconductor company’s stock, valued at approximately $433,000.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of Onsemi by 26.0% during the 3rd quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock worth $540,306,000 after purchasing an additional 1,200,723 shares during the period. Ameriprise Financial Inc. lifted its stake in Onsemi by 23.7% in the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock valued at $397,108,000 after buying an additional 817,237 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Onsemi by 4.3% during the third quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock valued at $382,755,000 after acquiring an additional 171,432 shares during the period. Alphinity Investment Management Pty Ltd grew its position in shares of Onsemi by 2.7% during the third quarter. Alphinity Investment Management Pty Ltd now owns 2,845,345 shares of the semiconductor company’s stock worth $264,475,000 after acquiring an additional 75,730 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Onsemi by 0.7% in the 3rd quarter. Sei Investments Co. now owns 2,701,574 shares of the semiconductor company’s stock worth $251,111,000 after acquiring an additional 19,740 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of several research analyst reports. Evercore ISI assumed coverage on shares of Onsemi in a report on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 price objective for the company. BNP Paribas reissued an “underperform” rating and set a $55.00 target price on shares of Onsemi in a report on Friday, April 19th. KeyCorp lowered their price target on Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. B. Riley reissued a “buy” rating and issued a $103.00 price target (down from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. Finally, Truist Financial dropped their target price on shares of Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and an average target price of $90.24.

Onsemi Stock Performance

ON stock traded down $0.12 on Wednesday, reaching $70.67. 4,059,301 shares of the company were exchanged, compared to its average volume of 7,487,099. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35. The stock’s fifty day moving average price is $72.07 and its 200 day moving average price is $74.32. The firm has a market capitalization of $30.40 billion, a PE ratio of 14.45, a PEG ratio of 3.18 and a beta of 1.78.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts anticipate that Onsemi will post 3.86 EPS for the current fiscal year.

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.