Onsemi (NASDAQ:ON) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in Onsemi (NASDAQ:ON) by 55.4% during the third quarter, HoldingsChannel reports. The fund owned 28,558 shares of the semiconductor company’s stock after selling 35,505 shares during the period. Sanctuary Advisors LLC’s holdings in Onsemi were worth $1,988,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi during the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. boosted its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. International Assets Investment Management LLC acquired a new stake in Onsemi in the 2nd quarter valued at approximately $43,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the third quarter valued at approximately $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Trading Down 4.1 %

ON opened at $64.93 on Thursday. The business’s 50-day simple moving average is $69.18 and its 200-day simple moving average is $71.25. The company has a market cap of $27.65 billion, a P/E ratio of 16.11, a PEG ratio of 7.07 and a beta of 1.63. Onsemi has a one year low of $59.34 and a one year high of $86.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. As a group, equities research analysts expect that Onsemi will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ON has been the subject of several research analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. TD Cowen lowered their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Wells Fargo & Company started coverage on shares of Onsemi in a research note on Friday, November 22nd. They issued an “overweight” rating and a $85.00 price objective for the company. Finally, Roth Mkm restated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. Two equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.87.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

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.