B. Riley Wealth Advisors Inc. Has $430,000 Position in Onsemi (NASDAQ:ON)

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Onsemi (NASDAQ:ON) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,152 shares of the semiconductor company’s stock after selling 512 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Onsemi were worth $430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Onsemi during the fourth quarter valued at about $32,000. MeadowBrook Investment Advisors LLC acquired a new stake in Onsemi during the 4th quarter worth approximately $33,000. Private Wealth Management Group LLC bought a new stake in Onsemi during the 4th quarter worth approximately $33,000. Headinvest LLC acquired a new position in Onsemi in the 3rd quarter valued at approximately $44,000. Finally, Planned Solutions Inc. bought a new position in shares of Onsemi during the fourth quarter valued at $46,000. Institutional investors own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the sale, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares in the company, valued at $3,643,253.34. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Onsemi Stock Down 1.1 %

ON stock opened at $67.79 on Tuesday. The firm has a market capitalization of $29.17 billion, a PE ratio of 13.83, a P/E/G ratio of 3.08 and a beta of 1.71. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35. The stock’s 50 day moving average is $70.51 and its 200-day moving average is $74.62.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $1.19 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Sell-side analysts expect that Onsemi will post 3.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Rosenblatt Securities decreased their target price on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Stifel Nicolaus dropped their price target on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.28.

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.