Coldstream Capital Management Inc. Purchases 2,339 Shares of Onsemi (NASDAQ:ON)

Coldstream Capital Management Inc. increased its position in Onsemi (NASDAQ:ON) by 39.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,277 shares of the semiconductor company’s stock after buying an additional 2,339 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Onsemi were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its position in Onsemi by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after purchasing an additional 177 shares during the last quarter. Quent Capital LLC lifted its position 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 purchasing an additional 198 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Onsemi by 6.2% in the third quarter. Wealthspire Advisors LLC now owns 3,408 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 199 shares during the last quarter. Signaturefd LLC lifted its position in Onsemi by 3.0% in the third quarter. Signaturefd LLC now owns 7,190 shares of the semiconductor company’s stock valued at $668,000 after purchasing an additional 209 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in Onsemi by 15.8% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,540 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI assumed coverage on Onsemi in a research note on Tuesday, April 16th. They set an “outperform” rating and a $104.00 target price on the stock. Jefferies Financial Group assumed coverage on Onsemi in a research note on Monday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. Rosenblatt Securities reduced their target price on Onsemi from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a research note on Tuesday, April 30th. Finally, Susquehanna reduced their target price on Onsemi from $90.00 to $85.00 and set a “positive” 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 sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.28.

Insider Buying and Selling

In related news, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Onsemi Stock Up 4.8 %

ON stock opened at $76.29 on Thursday. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The business’s 50-day moving average is $70.57 and its two-hundred day moving average is $74.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The company has a market cap of $32.82 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 3.32 and a beta of 1.78.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. As a group, analysts forecast that Onsemi will post 3.83 earnings per share for the current 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.