Deerfield Management Company L.P. Series C acquired a new stake in Onsemi (NASDAQ:ON – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 4,777 shares of the semiconductor company’s stock, valued at approximately $327,000.
Several other large investors also recently modified their holdings of the company. Integrated Advisors Network LLC increased its holdings in Onsemi by 1.7% in the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after purchasing an additional 164 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares in the last quarter. Covestor Ltd lifted its position in shares of Onsemi by 24.5% during the 1st quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 190 shares during the period. Greenleaf Trust grew its holdings in Onsemi by 4.4% in the first quarter. Greenleaf Trust now owns 5,331 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 226 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Onsemi by 4.2% in the first quarter. EP Wealth Advisors LLC now owns 5,864 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 239 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.
Onsemi Trading Up 1.5 %
NASDAQ ON opened at $74.39 on Friday. The business’s fifty day moving average is $72.43 and its 200-day moving average is $71.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. The stock has a market capitalization of $32.00 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 3.74 and a beta of 1.66. Onsemi has a one year low of $59.34 and a one year high of $95.67.
Insider Activity at Onsemi
In other news, insider Simon Keeton sold 30,939 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the completion of the transaction, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 sale, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now directly owns 840,620 shares of the company’s stock, valued at $59,515,896. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Roth Mkm raised their target price on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Morgan Stanley lowered Onsemi from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $70.00 to $65.00 in a report on Thursday, July 11th. Bank of America upped their target price on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price target on shares of Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, TD Cowen upped their price objective on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.61.
View Our Latest Stock Analysis on ON
About Onsemi
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.
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