Onsemi (NASDAQ:ON) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC reduced its stake in Onsemi (NASDAQ:ON) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,387 shares of the semiconductor company’s stock after selling 238 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Onsemi were worth $249,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ON. Apollon Wealth Management LLC raised its stake in shares of Onsemi by 26.4% in the 4th quarter. Apollon Wealth Management LLC now owns 7,089 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 1,482 shares during the period. International Assets Investment Management LLC grew its position in shares of Onsemi by 7,749.6% during the fourth quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company’s stock worth $6,963,000 after buying an additional 82,301 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Onsemi by 8.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 456,999 shares of the semiconductor company’s stock worth $38,188,000 after buying an additional 35,362 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Onsemi by 7.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 9,610 shares of the semiconductor company’s stock valued at $798,000 after acquiring an additional 637 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Onsemi by 3.6% during the 4th quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company’s stock valued at $11,739,000 after acquiring an additional 4,900 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Trading Up 5.4 %

Shares of NASDAQ:ON opened at $72.92 on Wednesday. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $31.37 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 3.12 and a beta of 1.69. The firm has a fifty day moving average of $71.30 and a two-hundred day moving average of $74.11.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on ON shares. KeyCorp reduced their price objective on Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Wells Fargo & Company lowered their price objective on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Benchmark lowered their target price on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $90.28.

Insider Buying and Selling at Onsemi

In related news, CFO Trent Thad sold 38,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value 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 SEC, which can be accessed through this link. In other 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 transaction, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Anthony Mascarenas sold 911 shares of the company’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 sale, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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.