Summit Trail Advisors LLC Buys 240 Shares of Onsemi (NASDAQ:ON)

Summit Trail Advisors LLC raised its stake in Onsemi (NASDAQ:ON) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,545 shares of the semiconductor company’s stock after purchasing an additional 240 shares during the period. Summit Trail Advisors LLC’s holdings in Onsemi were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in Onsemi by 9.5% in the third quarter. Commonwealth Equity Services LLC now owns 54,676 shares of the semiconductor company’s stock worth $5,082,000 after purchasing an additional 4,741 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Onsemi by 11.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,546 shares of the semiconductor company’s stock worth $516,000 after buying an additional 576 shares in the last quarter. Brown Advisory Inc. lifted its position 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 buying an additional 200 shares during the period. Advisor Partners II LLC boosted its stake in Onsemi by 36.5% in the 3rd quarter. Advisor Partners II LLC now owns 16,092 shares of the semiconductor company’s stock valued at $1,496,000 after buying an additional 4,301 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Onsemi by 1.4% in the third quarter. Park Avenue Securities LLC now owns 18,976 shares of the semiconductor company’s stock valued at $1,764,000 after acquiring an additional 258 shares during the period. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ON has been the topic of several recent analyst reports. Evercore ISI assumed coverage on shares of Onsemi in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. reduced their target price on Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Susquehanna dropped their price target on Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a report on Tuesday, April 30th. Finally, Mizuho reduced their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.24.

Onsemi Price Performance

Shares of NASDAQ ON opened at $70.67 on Thursday. The company has a fifty day moving average price of $71.95 and a 200 day moving average price of $74.30. The firm has a market cap of $30.40 billion, a PE ratio of 14.42, a PEG ratio of 3.18 and a beta of 1.78. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. Onsemi’s revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts predict that Onsemi will post 3.86 earnings per share for the current fiscal year.

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.