13,637 onsemi $ON Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC decreased its holdings in shares of onsemi (NASDAQ:ON) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,237 shares of the semiconductor company’s stock after selling 13,637 shares during the period. onsemi makes up 1.8% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 23rd biggest holding. Villere ST Denis J & Co. LLC owned 0.06% of onsemi worth $17,083,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. AlphaCore Capital LLC grew its position in onsemi by 93.9% in the third quarter. AlphaCore Capital LLC now owns 5,296 shares of the semiconductor company’s stock worth $407,000 after buying an additional 2,564 shares during the last quarter. Fulcrum Asset Management LLP grew its holdings in shares of onsemi by 1,398.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 4,090 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 3,817 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of onsemi by 8.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,334,491 shares of the semiconductor company’s stock worth $267,026,000 after acquiring an additional 268,267 shares during the last quarter. Beverly Hills Private Wealth LLC raised its position in shares of onsemi by 35.6% during the third quarter. Beverly Hills Private Wealth LLC now owns 2,925 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 768 shares during the period. Finally, University of Texas Texas AM Investment Management Co. lifted its holdings in shares of onsemi by 1,365.6% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 10,069 shares of the semiconductor company’s stock valued at $774,000 after purchasing an additional 9,382 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ON shares. Citigroup decreased their target price on shares of onsemi from $98.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Susquehanna decreased their target price on onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a research report on Wednesday, October 21st. Seaport Research Partners initiated coverage on shares of onsemi in a report on Tuesday, September 22nd. They set a “buy” rating and a $100.00 price objective for the company. Craig Hallum raised shares of onsemi from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, November 3rd. Finally, Wells Fargo & Company decreased their price target on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, onsemi presently has a consensus rating of “Moderate Buy” and an average target price of $95.03.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the sale, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

onsemi Trading Up 9.2%

ON stock opened at $69.11 on Tuesday. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market cap of $26.90 billion, a P/E ratio of 40.18, a P/E/G ratio of 0.57 and a beta of 2.11. The business’s 50 day moving average is $74.15 and its 200-day moving average is $82.19. The company has a current ratio of 3.55, a quick ratio of 2.49 and a debt-to-equity ratio of 0.49.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.63 EPS. onsemi’s revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that onsemi will post 3.27 earnings per share for the current fiscal year.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi was among semiconductor names reported to have rallied, providing a sector-wide tailwind for the stock. The article does not specify a company-specific catalyst for the move. Article: Semiconductor and technology shares rally
• Neutral Sentiment: Vadzo Imaging announced camera products using onsemi image sensors, including a 4K camera with the AR1335 sensor and UAV and GigE/Wi-Fi cameras featuring other onsemi sensors. These applications may highlight product adoption, but the announcements disclose no sales, orders, or financial contribution. Article: Vadzo launches camera using onsemi sensor

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.