Circle Wealth Management LLC Has $859,000 Position in Onsemi (NASDAQ:ON)

Circle Wealth Management LLC raised its holdings in Onsemi (NASDAQ:ON) by 153.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,828 shares of the semiconductor company’s stock after buying an additional 7,155 shares during the quarter. Circle Wealth Management LLC’s holdings in Onsemi were worth $859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in Onsemi during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi in the third quarter worth approximately $33,000. GHP Investment Advisors Inc. lifted its holdings in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Onsemi during the second quarter worth $43,000. 97.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 4,500 shares of company stock worth $321,765. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ON shares. Mizuho set a $85.00 price objective on shares of Onsemi in a report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. KeyCorp reduced their target price on Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. 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 Friday, October 25th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and an average target price of $85.87.

Onsemi Stock Up 1.1 %

Shares of NASDAQ ON opened at $71.12 on Friday. The firm’s fifty day moving average is $70.17 and its 200 day moving average is $71.79. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $30.28 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 7.54 and a beta of 1.65.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities research analysts expect that Onsemi will post 4 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.