Onsemi (NASDAQ:ON) Position Decreased by Brighton Jones LLC

Brighton Jones LLC reduced its holdings in Onsemi (NASDAQ:ON) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,650 shares of the semiconductor company’s stock after selling 209 shares during the quarter. Brighton Jones LLC’s holdings in Onsemi were worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Davis Investment Partners LLC lifted its stake in Onsemi by 0.8% during the third quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock valued at $1,224,000 after buying an additional 142 shares in the last quarter. Greenleaf Trust lifted its position in shares of Onsemi by 3.4% in the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 173 shares in the last quarter. Meridian Financial Partners LLC boosted its stake in Onsemi by 1.7% in the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 192 shares during the period. Dynamic Advisor Solutions LLC grew its position in Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 206 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after purchasing an additional 209 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Down 3.1 %

Shares of NASDAQ:ON opened at $54.50 on Friday. The company’s fifty day moving average is $64.00 and its 200-day moving average is $69.17. 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 has a 52 week low of $53.10 and a 52 week high of $85.16. The company has a market capitalization of $23.21 billion, a PE ratio of 13.52, a P/E/G ratio of 10.62 and a beta of 1.64.

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

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ON shares. The Goldman Sachs Group lowered their price target on Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Morgan Stanley upped their target price on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. B. Riley lowered their price objective on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company dropped their price target on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.70.

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.