Lbp Am Sa Has $2.21 Million Stock Holdings in Onsemi (NASDAQ:ON)

Lbp Am Sa reduced its holdings in Onsemi (NASDAQ:ON) by 98.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,990 shares of the semiconductor company’s stock after selling 1,726,202 shares during the period. Lbp Am Sa’s holdings in Onsemi were worth $2,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC bought a new position in Onsemi in the 4th quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi in the fourth quarter valued at approximately $33,000. Private Wealth Management Group LLC bought a new position in Onsemi during the 4th quarter worth about $33,000. Westside Investment Management Inc. raised its position in Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 550 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Onsemi in the first quarter worth $45,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Trading Down 8.1 %

Shares of NASDAQ ON traded down $6.35 during trading hours on Thursday, reaching $71.90. The stock had a trading volume of 11,545,180 shares, compared to its average volume of 6,997,166. Onsemi has a 52-week low of $59.34 and a 52-week high of $107.16. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 3.22 and a beta of 1.69. The business’s fifty day moving average price is $72.69 and its two-hundred day moving average price is $73.23. The company has a current ratio of 3.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.31.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Analysts expect that Onsemi will post 4.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Rosenblatt Securities lifted their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho decreased their target price on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Truist Financial upped their price target on shares of Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday. 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, KeyCorp decreased their price target on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Hold” and an average target price of $86.63.

Insider Transactions at Onsemi

In other news, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction on Tuesday, June 11th. The stock was 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 directly owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction that occurred on 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 $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.