Everpar Advisors LLC Invests $433,000 in Onsemi (NASDAQ:ON)

Everpar Advisors LLC acquired a new stake in shares of Onsemi (NASDAQ:ON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,184 shares of the semiconductor company’s stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ON. Lindbrook Capital LLC grew its stake in shares of Onsemi by 10.8% during the 3rd quarter. Lindbrook Capital LLC now owns 1,773 shares of the semiconductor company’s stock worth $165,000 after purchasing an additional 173 shares during the period. Perigon Wealth Management LLC grew its position in Onsemi by 7.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 177 shares during the period. Quent Capital LLC increased its holdings in Onsemi by 25.3% in the fourth quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 198 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of Onsemi by 6.2% in the third quarter. Wealthspire Advisors LLC now owns 3,408 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 199 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of Onsemi by 5.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,950 shares of the semiconductor company’s stock worth $367,000 after acquiring an additional 200 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ON has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price target on shares of Onsemi in a report on Tuesday, April 30th. BNP Paribas reiterated an “underperform” rating and set a $55.00 target price on shares of Onsemi in a research report on Friday, April 19th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Truist Financial dropped their target price on shares of Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, Evercore ISI began coverage on shares of Onsemi in a research report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.24.

Onsemi Stock Down 0.2 %

Shares of NASDAQ:ON traded down $0.12 during trading on Wednesday, hitting $70.67. 4,059,301 shares of the company were exchanged, compared to its average volume of 7,487,099. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87. The firm’s 50 day moving average price is $72.07 and its 200-day moving average price is $74.32. The stock has a market capitalization of $30.40 billion, a P/E ratio of 14.45, a PEG ratio of 3.18 and a beta of 1.78. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company posted $1.19 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts predict that Onsemi will post 3.86 earnings per share for the current fiscal year.

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.