EP Wealth Advisors LLC Has $470,000 Position in Onsemi (NASDAQ:ON)

EP Wealth Advisors LLC raised its position in shares of Onsemi (NASDAQ:ON) by 41.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,625 shares of the semiconductor company’s stock after acquiring an additional 1,654 shares during the period. EP Wealth Advisors LLC’s holdings in Onsemi were worth $470,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new stake in Onsemi during the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Onsemi during the 4th quarter valued at $32,000. Private Wealth Management Group LLC acquired a new stake in Onsemi during the 4th quarter valued at $33,000. MeadowBrook Investment Advisors LLC acquired a new stake in Onsemi during the 4th quarter valued at $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Onsemi during the 3rd quarter valued at $38,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Trent Thad sold 38,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Onsemi Price Performance

ON stock opened at $70.73 on Wednesday. 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 52-week low of $59.34 and a 52-week high of $111.35. The company has a 50-day moving average of $70.46 and a two-hundred day moving average of $74.76. The stock has a market capitalization of $30.43 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 3.28 and a beta of 1.71.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities research analysts anticipate that Onsemi will post 3.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ON shares. Truist Financial lowered their price target 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. Mizuho lowered their price target on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Wells Fargo & Company lowered their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Stifel Nicolaus lowered their price target on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, Susquehanna lowered their price target on shares of Onsemi from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.28.

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.