Graphene Investments SAS Has $2.93 Million Stock Position in Onsemi (NASDAQ:ON)

Graphene Investments SAS raised its position in shares of Onsemi (NASDAQ:ON) by 20.2% in the first quarter, HoldingsChannel.com reports. The firm owned 39,800 shares of the semiconductor company’s stock after purchasing an additional 6,700 shares during the quarter. Graphene Investments SAS’s holdings in Onsemi were worth $2,927,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Onsemi during the 4th quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi during the fourth quarter worth $33,000. Private Wealth Management Group LLC acquired a new stake in Onsemi in the fourth quarter worth $33,000. Headinvest LLC bought a new stake in Onsemi in the third quarter valued at $44,000. Finally, Planned Solutions Inc. acquired a new position in shares of Onsemi during the fourth quarter valued at about $46,000. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on Onsemi in a report on Monday, May 13th. They issued a “buy” rating and a $100.00 target price on the stock. TD Cowen reduced their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. KeyCorp lowered their price objective on shares of Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, Evercore ISI assumed coverage on shares of Onsemi in a report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.28.

Insider Buying and Selling at Onsemi

In related news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the transaction, the director now owns 48,929 shares in the company, valued at approximately $3,643,253.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Onsemi Price Performance

ON traded down $0.24 during trading on Wednesday, reaching $72.68. 3,906,417 shares of the company were exchanged, compared to its average volume of 6,833,691. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $31.27 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 3.12 and a beta of 1.69. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The company’s 50-day moving average is $71.30 and its two-hundred day moving average is $74.11.

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