Darwin Wealth Management LLC Increases Holdings in Onsemi (NASDAQ:ON)

Darwin Wealth Management LLC increased its stake in shares of Onsemi (NASDAQ:ON) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,634 shares of the semiconductor company’s stock after buying an additional 6,097 shares during the quarter. Darwin Wealth Management LLC’s holdings in Onsemi were worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ON. Provence Wealth Management Group purchased a new stake in Onsemi in the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at $33,000. Hanseatic Management Services Inc. purchased a new stake in shares of Onsemi in the 3rd quarter valued at $38,000. Finally, Headinvest LLC purchased a new stake in shares of Onsemi in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Trading Down 1.0 %

Shares of ON stock traded down $0.69 during mid-day trading on Friday, hitting $70.57. 882,283 shares of the company’s stock were exchanged, compared to its average volume of 7,391,508. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The stock has a 50-day simple moving average of $71.80 and a two-hundred day simple moving average of $74.28. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 3.18 and a beta of 1.78.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts expect that Onsemi will post 3.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a research note on Tuesday, April 30th. KeyCorp reduced their price objective on Onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Roth Mkm increased their target price on Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Benchmark cut their target price on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.24.

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.