Stifel Financial Corp Boosts Stock Position in Onsemi (NASDAQ:ON)

Stifel Financial Corp raised its position in shares of Onsemi (NASDAQ:ON) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,847 shares of the semiconductor company’s stock after buying an additional 3,162 shares during the quarter. Stifel Financial Corp’s holdings in Onsemi were worth $8,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Onsemi in the 3rd 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. raised its stake in Onsemi by 12,850.0% in 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 during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi during the 3rd quarter worth about $43,000. Finally, International Assets Investment Management LLC purchased a new stake in Onsemi during the 2nd quarter valued at about $43,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Price Performance

Shares of ON opened at $67.11 on Friday. The firm has a 50-day simple moving average of $69.56 and a two-hundred day simple moving average of $71.43. The stock has a market cap of $28.58 billion, a PE ratio of 16.65, a P/E/G ratio of 7.13 and a beta of 1.63. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping 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 return on equity of 22.38% and a net margin of 23.80%. Onsemi’s revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. As a group, analysts forecast that Onsemi will post 4 EPS for the current year.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was 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. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 4,500 shares of company stock valued at $321,765. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ON shares. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Mizuho set a $85.00 price objective on Onsemi in a report on Friday, October 18th. Truist Financial reduced their price target on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley raised their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Roth Mkm restated a “buy” rating and set a $100.00 price target on shares of Onsemi in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.87.

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.