According to Covenant Asset Management LLC’s most recent 13F filing with the Securities and Exchange Commission, the company completed its acquisition of Onsemi (NASDAQ: ON) during the third quarter of this year. The purchase of 44,713 shares of stock in the semiconductor company cost the company a total of $2,787,000, which was paid for by the corporation. Because of this, the total amount that the company spent was a staggering 2,787,000 dollars.
The percentages of ownership that hedge funds and other institutional investors currently hold in the company have recently been adjusted in several ways. During the second quarter, S. R. Schill & Associates increased the number of Onsemi shares held in its investment portfolio by 3.4%. S. R. Schill & Associates has a total of 4,905 shares of the semiconductor company’s stock following the purchase of an additional 163 shares during the quarter. Based on the current market price, this gives the company a market value of approximately $247,000. The amount of capital that Brighton Jones LLC had invested in Onsemi increased by 1.5% during the second quarter. The most recent quarter saw Brighton Jones LLC increase its holdings by 166, bringing the total number of shares it owns in the semiconductor company to 11,100, with a value of $558,00 (up from 10,600). Geneos Wealth Management Inc. increased the proportion of its semi-holdings by 28.4% over the second quarter. Geneos Wealth Management Inc. now has a total of 905 shares of the stock held by the semiconductor company following the acquisition of an additional 200 shares during the most recent quarter. Each share of the company’s stock is currently worth $42,000. During the second quarter, Glassman Wealth Services achieved a 29.5% increase in the proportion of its holdings that were onshore. During the most recent quarter, Glassman Wealth Services increased its holdings in the stock of the semiconductor company by 216 shares, bringing the total number of shares it holds in the company to 949, with a value of $48,000. This brings the total value of the company’s holdings to $48,000.
Last but not least, Redhawk Wealth Advisors Inc. increased its holdings in Onsemi by 1.0% during the third quarter. This certainly should not be considered the least important development. Redhawk Wealth Advisors Inc. now has a total of 23,011 shares of the semiconductor company’s stock following the purchase of an additional 224 shares during the most recent quarter. The stock is currently valued at $1,434,000. The vast majority of the company’s stock is owned by institutional investors and hedge funds, which account for 96.84% of the total.
On Thursday, the price of one share of ON stock was $66.33 when trading got underway. The debt-to-equity ratio comes in at 0.4, the current ratio comes in at 3.02, the quick ratio comes in at 2.12, and the current ratio comes in at 3.02. Over the past year, the cost of Onsemi has fluctuated between $44.76 and $77.28, hitting an all-time low of $44.76 and an all-time high of $77.28. The simple moving average of the company’s stock price over the past 50 days is $67.76, while the average price over the last 200 days is $65.43. The company’s market value is $28.68 billion; it has a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 0.71, and a beta value of 1.76, all of which indicate that it is an excellent investment opportunity. In addition to this, its price-to-earnings-growth ratio currently stands at 0.71.
On Monday, October 31st, Onsemi (NASDAQ: ON) made the information relating to its quarterly results available to the public. In the semiconductor business, the earnings per share (EPS) for the quarter came in at $1.45, which was $0.14 higher than the consensus expectation of $1.31 among industry analysts. During the fiscal year, Onsemi achieved a return on equity of 43.37% and a net margin of 21.36%. The revenue for the quarter came in at $2.19 billion, which was significantly higher than the $2.12 billion that analysts had anticipated would be generated during the period. The company reported a profit of $0.87 for every share it distributed throughout the same period in the previous year’s financial statements. Compared to the previous fiscal year, the current year saw a revenue increase of 25.9% for the company. According to the projections of equity market analysts, Onsemi will bring in 5.28 cents per share in profits for the current financial year.