Bleakley Financial Group LLC Sells 1,195 Shares of Onsemi (NASDAQ:ON)

Bleakley Financial Group LLC trimmed its position in shares of Onsemi (NASDAQ:ON) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,643 shares of the semiconductor company’s stock after selling 1,195 shares during the period. Bleakley Financial Group LLC’s holdings in Onsemi were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deltec Asset Management LLC purchased a new stake in Onsemi during the 4th quarter valued at $6,343,000. E. Ohman J or Asset Management AB grew its holdings in Onsemi by 14.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 18,900 shares of the semiconductor company’s stock valued at $1,192,000 after purchasing an additional 2,400 shares during the last quarter. Rheos Capital Works Inc. raised its holdings in shares of Onsemi by 14.6% in the fourth quarter. Rheos Capital Works Inc. now owns 149,500 shares of the semiconductor company’s stock worth $9,426,000 after buying an additional 19,000 shares during the period. Spire Wealth Management grew its holdings in shares of Onsemi by 81.6% in the fourth quarter. Spire Wealth Management now owns 2,216 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 996 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Onsemi by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,736 shares of the semiconductor company’s stock worth $803,000 after acquiring an additional 430 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Onsemi Trading Up 1.9 %

ON opened at $47.93 on Wednesday. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 10.27 and a beta of 1.62. The company’s 50 day simple moving average is $59.62 and its two-hundred day simple moving average is $67.18. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Analysts expect that Onsemi will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ON shares. Truist Financial cut their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a report on Friday, February 7th. Susquehanna dropped their price objective on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday. UBS Group decreased their price target on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.36.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’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. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Onsemi 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.