Prosperitas Financial LLC Has $2.31 Million Stake in Onsemi (NASDAQ:ON)

Prosperitas Financial LLC increased its position in Onsemi (NASDAQ:ON) by 14.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,780 shares of the semiconductor company’s stock after buying an additional 4,096 shares during the period. Prosperitas Financial LLC’s holdings in Onsemi were worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake 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 acquiring an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Onsemi during the second quarter worth approximately $43,000. Fidelis Capital Partners LLC acquired a new position in Onsemi during the first quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Onsemi in the second quarter valued at approximately $53,000. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Onsemi Stock Up 0.7 %

Shares of NASDAQ:ON opened at $70.99 on Friday. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The firm has a market cap of $30.23 billion, a P/E ratio of 17.62, a P/E/G ratio of 7.56 and a beta of 1.65. 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’s 50-day moving average price is $71.27 and its two-hundred day moving average price is $71.52.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 22.38% and a net margin of 23.80%. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. As a group, research analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of a number of recent analyst reports. Mizuho set a $85.00 price objective on Onsemi in a research note on Friday, October 18th. Needham & Company LLC dropped their price target on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Bank of America increased their price objective on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Roth Mkm upped their target price on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, KeyCorp reduced their price target on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $85.91.

Onsemi Company 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.