Coldstream Capital Management Inc. Has $468,000 Position in Onsemi (NASDAQ:ON)

Coldstream Capital Management Inc. lifted its position in shares of Onsemi (NASDAQ:ON) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,498 shares of the semiconductor company’s stock after purchasing an additional 1,066 shares during the period. Coldstream Capital Management Inc.’s holdings in Onsemi were worth $468,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ON. Natixis Advisors LLC boosted its position in Onsemi by 1.4% during the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after purchasing an additional 18,450 shares during the period. Cinctive Capital Management LP bought a new stake in shares of Onsemi during the 3rd quarter worth about $1,270,000. Assenagon Asset Management S.A. grew its stake in Onsemi by 690.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock valued at $6,945,000 after buying an additional 88,496 shares during the last quarter. National Bank of Canada FI raised its holdings in Onsemi by 94.2% in the 3rd quarter. National Bank of Canada FI now owns 306,437 shares of the semiconductor company’s stock valued at $22,250,000 after acquiring an additional 148,620 shares during the period. Finally, Swiss National Bank lifted its position in Onsemi by 0.9% during the third quarter. Swiss National Bank now owns 1,277,000 shares of the semiconductor company’s stock worth $92,723,000 after acquiring an additional 11,700 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of ON opened at $65.96 on Friday. The stock has a market capitalization of $28.09 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 7.29 and a beta of 1.63. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $69.45 and its two-hundred day simple moving average is $71.37. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) 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 return on equity of 22.38% and a net margin of 23.80%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. As a group, analysts predict that Onsemi will post 4 EPS for the current year.

Analysts Set New Price Targets

ON has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Wells Fargo & Company assumed coverage on Onsemi in a report on Friday, November 22nd. They issued an “overweight” rating and a $85.00 price objective for the company. Roth Mkm reissued a “buy” rating and set a $100.00 target price on shares of Onsemi in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Loop Capital assumed coverage on shares of Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.87.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. This trade represents a 0.18 % 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. Over the last ninety days, insiders sold 4,500 shares of company stock valued at $321,765. Corporate insiders own 0.31% of the company’s stock.

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.