Onsemi (NASDAQ:ON) Shares Acquired by AlphaMark Advisors LLC

AlphaMark Advisors LLC lifted its holdings in shares of Onsemi (NASDAQ:ON) by 9.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,958 shares of the semiconductor company’s stock after purchasing an additional 897 shares during the quarter. AlphaMark Advisors LLC’s holdings in Onsemi were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ON. Blair William & Co. IL grew its position in shares of Onsemi by 11.3% during the second quarter. Blair William & Co. IL now owns 4,249 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 432 shares during the last quarter. Public Sector Pension Investment Board grew its position in Onsemi by 77.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 16,909 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 7,386 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Onsemi by 82.4% in the second quarter. Marshall Wace LLP now owns 269,724 shares of the semiconductor company’s stock valued at $18,490,000 after purchasing an additional 121,870 shares during the period. AQR Capital Management LLC raised its holdings in shares of Onsemi by 50.7% during the second quarter. AQR Capital Management LLC now owns 904,058 shares of the semiconductor company’s stock valued at $61,964,000 after buying an additional 304,083 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Onsemi by 21.2% during the second quarter. APG Asset Management N.V. now owns 289,171 shares of the semiconductor company’s stock worth $18,496,000 after buying an additional 50,547 shares during the period. Institutional investors own 97.70% of the company’s stock.

Insider Activity

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.

Onsemi Stock Performance

Shares of ON stock opened at $54.50 on Friday. The firm has a market cap of $23.21 billion, a P/E ratio of 13.52, a PEG ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a fifty-two week low of $53.10 and a fifty-two week high of $85.16. The stock’s 50-day moving average is $64.00 and its two-hundred day moving average is $69.14.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 earnings per share. Analysts predict that Onsemi will post 4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on ON shares. Roth Mkm restated a “buy” rating and issued a $100.00 target price on shares of Onsemi in a research report on Thursday, December 12th. Mizuho set a $85.00 price target on shares of Onsemi in a report on Friday, October 18th. Robert W. Baird increased their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. B. Riley decreased their price target on Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their price objective on Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.70.

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.