Arcadia Investment Management Corp MI Invests $87,000 in Onsemi (NASDAQ:ON)

Arcadia Investment Management Corp MI bought a new position in shares of Onsemi (NASDAQ:ON) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,200 shares of the semiconductor company’s stock, valued at approximately $87,000.

Several other large investors also recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised 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 in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Onsemi during the 1st quarter worth about $45,000. Massmutual Trust Co. FSB ADV boosted 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 acquiring an additional 169 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Onsemi in the 2nd quarter valued at about $43,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Onsemi during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $70.99 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $71.27 and a 200 day moving average price of $71.52. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77. The company has a market cap of $30.23 billion, a P/E ratio of 17.62, a PEG ratio of 7.56 and a beta of 1.65.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. Research analysts predict that Onsemi will post 4 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on ON. Mizuho set a $85.00 price target on shares of Onsemi in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. BNP Paribas reduced their price target on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Benchmark reissued a “buy” rating and issued a $90.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $85.91.

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.