Onsemi (NASDAQ:ON) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its holdings in shares of Onsemi (NASDAQ:ON) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,800 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. Court Place Advisors LLC’s holdings in Onsemi were worth $857,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new stake in Onsemi in the 1st quarter valued at about $2,447,000. Assenagon Asset Management S.A. lifted its stake in Onsemi by 690.2% in the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after acquiring an additional 88,496 shares during the last quarter. Norden Group LLC acquired a new position in Onsemi during the 1st quarter worth approximately $774,000. Axxcess Wealth Management LLC purchased a new stake in shares of Onsemi in the 1st quarter valued at approximately $808,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Onsemi by 42.9% in the 1st quarter. Meeder Asset Management Inc. now owns 26,029 shares of the semiconductor company’s stock valued at $1,914,000 after purchasing an additional 7,820 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

ON has been the subject of several recent analyst reports. Bank of America boosted their target price on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. KeyCorp reduced their price objective on Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Citigroup lowered shares of Onsemi from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $77.00 in a research report on Monday, July 15th. StockNews.com downgraded shares of Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. Finally, Rosenblatt Securities increased their price target on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.74.

Onsemi Trading Up 3.8 %

Shares of Onsemi stock traded up $2.65 during trading hours on Friday, reaching $72.73. The stock had a trading volume of 1,867,868 shares, compared to its average volume of 6,682,986. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The firm has a 50 day simple moving average of $71.72 and a two-hundred day simple moving average of $71.37. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.57 and a beta of 1.65.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, equities research analysts anticipate that Onsemi will post 4.01 earnings per share for the current year.

Insider Buying and Selling at Onsemi

In related news, insider Simon Keeton sold 30,939 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the transaction, the insider now owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.80, for a total value of $106,200.00. Following the transaction, the chief executive officer now directly owns 840,620 shares of the company’s stock, valued at $59,515,896. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,939 shares of company stock valued at $2,626,651 over the last three months. 0.31% of the stock is owned by company insiders.

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.