Atwood & Palmer Inc. Purchases 6,945 Shares of Onsemi (NASDAQ:ON)

Atwood & Palmer Inc. raised its position in shares of Onsemi (NASDAQ:ON - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,056 shares of the semiconductor company's stock after acquiring an additional 6,945 shares during the period. Atwood & Palmer Inc. owned approximately 0.07% of Onsemi worth $11,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Onsemi by 3.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,098,616 shares of the semiconductor company's stock valued at $69,268,000 after acquiring an additional 36,793 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Onsemi by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,330 shares of the semiconductor company's stock worth $2,858,000 after buying an additional 1,092 shares in the last quarter. Empowered Funds LLC raised its holdings in Onsemi by 288.9% during the 4th quarter. Empowered Funds LLC now owns 160,770 shares of the semiconductor company's stock worth $10,137,000 after purchasing an additional 119,428 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi in the fourth quarter valued at approximately $41,000. Finally, Savant Capital LLC boosted its position in shares of Onsemi by 9.9% in the 4th quarter. Savant Capital LLC now owns 3,297 shares of the semiconductor company's stock worth $208,000 after purchasing an additional 297 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Ratings Changes

ON has been the subject of a number of analyst reports. Needham & Company LLC decreased their price objective on shares of Onsemi from $57.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. TD Cowen increased their price objective on shares of Onsemi from $38.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. KeyCorp decreased their target price on shares of Onsemi from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley assumed coverage on Onsemi in a research report on Monday, May 12th. They set an "equal weight" rating and a $39.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Onsemi from $77.00 to $64.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Onsemi currently has an average rating of "Moderate Buy" and a consensus target price of $54.12.

Onsemi Price Performance

NASDAQ:ON traded up $1.42 during trading hours on Tuesday, hitting $53.80. The company's stock had a trading volume of 11,520,942 shares, compared to its average volume of 8,091,586. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a market capitalization of $22.48 billion, a P/E ratio of 14.82, a PEG ratio of 16.74 and a beta of 1.39. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. The stock has a fifty day simple moving average of $40.39 and a 200-day simple moving average of $50.15.

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Onsemi's revenue for the quarter was down 22.4% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, analysts anticipate that Onsemi will post 2.6 EPS 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.