GHP Investment Advisors Inc. Acquires 514 Shares of Onsemi (NASDAQ:ON)

GHP Investment Advisors Inc. raised its stake in shares of Onsemi (NASDAQ:ON) by 12,850.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 518 shares of the semiconductor company’s stock after acquiring an additional 514 shares during the period. GHP Investment Advisors Inc.’s holdings in Onsemi were worth $38,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ON. Davis Investment Partners LLC increased its position in Onsemi by 0.8% during the third quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock valued at $1,224,000 after acquiring an additional 142 shares during the last quarter. Massmutual Trust Co. FSB ADV increased 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 valued at $43,000 after purchasing an additional 169 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Onsemi by 3.4% in the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Covestor Ltd boosted its holdings in shares of Onsemi by 24.5% in the first quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock worth $71,000 after buying an additional 190 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its position in Onsemi by 1.7% during the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after buying an additional 192 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ON has been the topic of several recent research reports. Citigroup downgraded shares of Onsemi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $77.00 in a research report on Monday, July 15th. Benchmark lifted their target price on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. KeyCorp cut their price target on Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. BNP Paribas decreased their price objective on Onsemi from $60.00 to $55.00 in a research note on Friday. Finally, TD Cowen cut their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Onsemi has an average rating of “Hold” and an average price target of $85.43.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total value of $106,200.00. Following the completion of the sale, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total value 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 $59,515,896. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,939 shares of company stock worth $2,626,651 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Onsemi Price Performance

Onsemi stock opened at $72.24 on Tuesday. Onsemi has a 52-week low of $59.34 and a 52-week high of $86.77. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $71.52 and its 200 day moving average is $71.42. The company has a market cap of $30.94 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 3.82 and a beta of 1.65.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The business’s revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Sell-side analysts forecast that Onsemi will post 4.01 EPS for the current fiscal year.

Onsemi 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.