7,200 Shares of onsemi $ON Bought by ACT Capital Partners L.P.

ACT Capital Partners L.P. acquired a new position in shares of onsemi (NASDAQ:ON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,200 shares of the semiconductor company’s stock, valued at approximately $553,000.

Other institutional investors have also made changes to their positions in the company. Provenance Wealth Advisors LLC increased its stake in onsemi by 3,318.2% in the third quarter. Provenance Wealth Advisors LLC now owns 376 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 365 shares in the last quarter. Ninety One UK Ltd bought a new stake in onsemi during the third quarter worth $36,000. Compass Financial Management LLC bought a new position in shares of onsemi in the 2nd quarter valued at about $67,000. First Command Advisory Services Inc. raised its stake in onsemi by 157.5% in the third quarter. First Command Advisory Services Inc. now owns 1,424 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 871 shares during the period. Finally, IFP Advisors Inc boosted its position in onsemi by 74.1% during the second quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 565 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

onsemi Stock Down 3.6%

Shares of ON traded down $2.67 during trading hours on Friday, hitting $71.06. The stock had a trading volume of 7,371,494 shares, compared to its average volume of 11,364,582. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market capitalization of $27.66 billion, a P/E ratio of 41.31, a price-to-earnings-growth ratio of 0.59 and a beta of 2.11. The firm has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $82.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.55 and a quick ratio of 2.61.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts predict that onsemi will post 3.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and set a $62.00 price objective on shares of onsemi in a report on Wednesday, August 12th. Robert W. Baird upped their price target on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of onsemi in a research note on Wednesday, November 4th. Wall Street Zen upgraded onsemi from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Finally, Stifel Nicolaus upped their price objective on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.03.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

onsemi News Roundup

Investors following ON have been watching these news items:

• Positive Sentiment: Recent third-quarter results were solid: revenue was about $1.72 billion, non-GAAP EPS was $0.90, and free cash flow reached $489 million. The company also raised its 2030 AI data-center revenue target by $500 million, to more than $3 billion, following its Ferric acquisition. onsemi market-movement analysis
• Positive Sentiment: The new EliteSiC M4 platform targets AI data centers, electric vehicles and energy infrastructure; onsemi says it can deliver up to 35% lower losses than the prior generation, offering a potential longer-term growth catalyst. ON Semiconductor platform and earnings update
• Negative Sentiment: Sector-wide selling has weighed on ON alongside other chip stocks. In addition, the revised approximately $5.7 billion all-cash Synaptics transaction and a new $1.75 billion revolving credit facility may raise near-term concerns about funding, leverage, deal closing and integration risks. onsemi market-movement analysis Credit facility announcement

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.