Sequoia Financial Advisors LLC Has $574,000 Stock Position in Onsemi (NASDAQ:ON)

Sequoia Financial Advisors LLC increased its holdings in Onsemi (NASDAQ:ON) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,909 shares of the semiconductor company’s stock after acquiring an additional 405 shares during the period. Sequoia Financial Advisors LLC’s holdings in Onsemi were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Onsemi by 18.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after buying an additional 665,633 shares during the period. Capital International Investors grew its holdings in Onsemi by 1.0% in the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after acquiring an additional 42,117 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Onsemi by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock worth $215,518,000 after acquiring an additional 380,471 shares during the last quarter. Van ECK Associates Corp grew its holdings in Onsemi by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 2,765,975 shares of the semiconductor company’s stock worth $189,608,000 after acquiring an additional 201,852 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in shares of Onsemi by 6.7% during the 1st quarter. Earnest Partners LLC now owns 2,596,042 shares of the semiconductor company’s stock valued at $190,939,000 after purchasing an additional 161,987 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Benchmark upped their target price on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Roth Mkm increased their price objective on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Mizuho set a $85.00 price objective on shares of Onsemi in a research report on Friday, October 18th. Finally, Bank of America raised their target price on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Onsemi has an average rating of “Hold” and a consensus target price of $85.74.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $71.25 on Friday. The business’s 50 day moving average is $71.63 and its 200-day moving average is $71.39. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77. The firm has a market capitalization of $30.65 billion, a PE ratio of 14.54, a PEG 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, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Sell-side analysts predict that Onsemi will post 4.01 earnings per share for the current year.

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.