FWG Holdings LLC Sells 1,338 Shares of Onsemi (NASDAQ:ON)

FWG Holdings LLC trimmed its holdings in shares of Onsemi (NASDAQ:ON) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,943 shares of the semiconductor company’s stock after selling 1,338 shares during the quarter. FWG Holdings LLC’s holdings in Onsemi were worth $357,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Natixis Advisors LLC lifted its position in shares of Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after acquiring an additional 18,450 shares during the period. Assenagon Asset Management S.A. lifted its position in Onsemi by 690.2% during the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after purchasing an additional 88,496 shares during the period. Axxcess Wealth Management LLC acquired a new stake in Onsemi during the first quarter worth about $808,000. Comerica Bank increased its holdings in Onsemi by 21.1% in the 1st quarter. Comerica Bank now owns 98,781 shares of the semiconductor company’s stock valued at $7,265,000 after buying an additional 17,198 shares during the period. Finally, Deltec Asset Management LLC acquired a new position in shares of Onsemi in the 2nd quarter valued at approximately $1,212,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON stock opened at $66.48 on Tuesday. The firm has a 50 day moving average of $70.37 and a 200-day moving average of $71.87. The company has a market cap of $28.31 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 6.94 and a beta of 1.65. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The business’s revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that Onsemi will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Bank of America lifted their price target on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley raised their price objective on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.30.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by 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.