Janney Montgomery Scott LLC Sells 1,804 Shares of Onsemi (NASDAQ:ON)

Janney Montgomery Scott LLC cut its position in shares of Onsemi (NASDAQ:ON) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,753 shares of the semiconductor company’s stock after selling 1,804 shares during the period. Janney Montgomery Scott LLC’s holdings in Onsemi were worth $3,263,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ON. Geode Capital Management LLC raised its position in shares of Onsemi by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after buying an additional 309,445 shares in the last quarter. Van ECK Associates Corp increased its stake in Onsemi by 26.4% during the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after acquiring an additional 729,081 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Onsemi by 14.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock valued at $215,518,000 after purchasing an additional 380,471 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Onsemi by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,404,589 shares of the semiconductor company’s stock valued at $174,597,000 after purchasing an additional 31,889 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Onsemi by 19.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock worth $145,887,000 after purchasing an additional 326,734 shares during the period. Hedge funds and other institutional investors 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, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BNP Paribas lowered their price target on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 10th. Truist Financial reiterated a “hold” rating and set a $60.00 price target (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Mizuho set a $85.00 target price on Onsemi in a research report on Friday, October 18th. Finally, B. Riley cut their target price on Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.70.

Onsemi Price Performance

Shares of ON opened at $52.34 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company has a 50 day moving average price of $62.57 and a 200-day moving average price of $68.40. Onsemi has a fifty-two week low of $51.81 and a fifty-two week high of $85.16. The stock has a market capitalization of $22.29 billion, a PE ratio of 12.99, a PEG ratio of 10.30 and a beta of 1.64.

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.