Linden Thomas Advisory Services LLC Buys 509 Shares of Onsemi (NASDAQ:ON)

Linden Thomas Advisory Services LLC boosted its stake in Onsemi (NASDAQ:ON) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 9,497 shares of the semiconductor company’s stock after acquiring an additional 509 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Onsemi were worth $793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its stake in shares of Onsemi by 8.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 11,267 shares of the semiconductor company’s stock worth $1,047,000 after buying an additional 882 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Onsemi by 199.8% during the third quarter. Exchange Traded Concepts LLC now owns 4,062 shares of the semiconductor company’s stock worth $378,000 after buying an additional 2,707 shares during the last quarter. Private Trust Co. NA lifted its stake in Onsemi by 13.2% in the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 149 shares during the last quarter. Caprock Group LLC increased its stake in shares of Onsemi by 44.9% during the 3rd quarter. Caprock Group LLC now owns 3,570 shares of the semiconductor company’s stock worth $332,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Czech National Bank raised its stake in Onsemi by 47.5% in the third quarter. Czech National Bank now owns 75,423 shares of the semiconductor company’s stock valued at $7,011,000 after buying an additional 24,298 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research reports. Evercore ISI started coverage on shares of Onsemi in a research note on Tuesday, April 16th. They set an “outperform” rating and a $104.00 target price for the company. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a report on Tuesday, February 6th. Truist Financial dropped their price objective on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company lowered their target price on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.28.

Onsemi Stock Performance

Shares of ON stock opened at $66.38 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. The business’s 50 day simple moving average is $73.60 and its 200 day simple moving average is $75.77. Onsemi has a one year low of $59.34 and a one year high of $111.35. The stock has a market capitalization of $28.53 billion, a PE ratio of 13.57, a PEG ratio of 6.40 and a beta of 1.80.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. As a group, research analysts forecast that Onsemi will post 4.3 earnings per share for the current year.

Onsemi 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.