Fort Washington Investment Advisors Inc. OH Sells 577 Shares of Onsemi (NASDAQ:ON)

Fort Washington Investment Advisors Inc. OH cut its holdings in Onsemi (NASDAQ:ON) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,790 shares of the semiconductor company’s stock after selling 577 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Onsemi were worth $239,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Onsemi in the third quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi in the third quarter valued at about $33,000. GHP Investment Advisors Inc. increased its position in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Onsemi in the third quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Onsemi by 42.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 269 shares during the period. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Up 0.4 %

Shares of Onsemi stock opened at $56.26 on Friday. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 10.54 and a beta of 1.64. The company’s 50 day moving average is $64.20 and its 200 day moving average is $69.31. Onsemi has a twelve month low of $53.10 and a twelve month high of $85.16. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm earned $1.39 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. Research analysts anticipate that Onsemi will post 4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Truist Financial reiterated a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $87.00 price target on shares of Onsemi in a research report on Tuesday, November 19th. Morgan Stanley upped their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, KeyCorp cut their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.26.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.