Synergy Asset Management LLC Makes New $51,000 Investment in Onsemi (NASDAQ:ON)

Synergy Asset Management LLC acquired a new position in Onsemi (NASDAQ:ON) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 801 shares of the semiconductor company’s stock, valued at approximately $51,000.

A number of other large investors have also added to or reduced their stakes in ON. Capital Performance Advisors LLP bought a new stake in Onsemi in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi in the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Onsemi in the 3rd quarter worth approximately $43,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Onsemi by 42.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 269 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ON. Morgan Stanley lifted their target price on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Mizuho set a $85.00 target price on Onsemi in a report on Friday, October 18th. Roth Mkm restated a “buy” rating and set a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. Loop Capital started coverage on Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Onsemi in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $81.70.

Onsemi Stock Down 0.9 %

Onsemi stock opened at $53.27 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The business’s 50-day simple moving average is $62.92 and its two-hundred day simple moving average is $68.57. The company has a market cap of $22.68 billion, a PE ratio of 13.22, a PEG ratio of 10.62 and a beta of 1.64. Onsemi has a fifty-two week low of $51.81 and a fifty-two week high of $85.16.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s revenue was down 19.2% compared to the same quarter last year. Equities analysts anticipate that Onsemi will post 4 EPS for the current year.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This 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 the SEC website. Company insiders own 0.31% of the company’s stock.

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.