Capital Insight Partners LLC Has $4.26 Million Stock Position in Onsemi (NASDAQ:ON)

by · The Cerbat Gem

Capital Insight Partners LLC raised its holdings in Onsemi (NASDAQ:ON – Free Report) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,656 shares of the semiconductor company’s stock after purchasing an additional 1,179 shares during the quarter. Capital Insight Partners LLC’s holdings in Onsemi were worth $4,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. increased its position in Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 550 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after buying an additional 169 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Onsemi in the 2nd quarter valued at $43,000. Fidelis Capital Partners LLC acquired a new stake in shares of Onsemi during the 1st quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new stake in Onsemi during the 2nd quarter worth $53,000. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ON. Deutsche Bank Aktiengesellschaft lifted their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. StockNews.com downgraded shares of Onsemi from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. Rosenblatt Securities upped their price target on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Citigroup downgraded shares of Onsemi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $77.00 in a research note on Monday, July 15th. Finally, Bank of America boosted their price objective on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Onsemi currently has a consensus rating of “Hold” and a consensus target price of $85.83.

Check Out Our Latest Report on Onsemi

Onsemi Stock Down 1.1 %

ON traded down $0.81 on Thursday, hitting $70.19. The company had a trading volume of 1,655,824 shares, compared to its average volume of 6,686,039. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 3.84 and a beta of 1.65. The stock has a fifty day moving average price of $72.04 and a 200-day moving average price of $71.60. Onsemi has a 12-month low of $59.34 and a 12-month high of $95.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01.

Onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Analysts predict that Onsemi will post 4.01 EPS for the current fiscal year.

Insider Transactions at Onsemi

In related news, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the sale, the insider now owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Onsemi news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the sale, the chief executive officer now owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Onsemi Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onsemi (NASDAQ:ON – Free Report).