KRS Capital Management LLC Sells 770 Shares of Onsemi (NASDAQ:ON)

KRS Capital Management LLC reduced its holdings in shares of Onsemi (NASDAQ:ON) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,365 shares of the semiconductor company’s stock after selling 770 shares during the period. KRS Capital Management LLC’s holdings in Onsemi were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ON. Shelton Wealth Management LLC bought a new stake in Onsemi during the 4th quarter valued at $951,000. Wedge Capital Management L L P NC lifted its position in shares of Onsemi by 40.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 27,964 shares of the semiconductor company’s stock valued at $1,763,000 after acquiring an additional 8,043 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Onsemi by 20.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,341 shares of the semiconductor company’s stock worth $274,000 after purchasing an additional 722 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Onsemi by 14.8% in the 4th quarter. Park Avenue Securities LLC now owns 9,493 shares of the semiconductor company’s stock worth $599,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Onsemi during the fourth quarter worth about $515,000. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

Shares of NASDAQ:ON traded up $1.12 during trading on Friday, reaching $54.63. The company had a trading volume of 7,293,412 shares, compared to its average volume of 6,274,120. The stock has a market capitalization of $23.26 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 5.29 and a beta of 1.64. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12 month low of $53.10 and a 12 month high of $85.16. The company has a fifty day moving average of $65.26 and a two-hundred day moving average of $69.79.

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, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. Equities research analysts forecast that Onsemi will post 3.99 earnings per share for the current year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BNP Paribas dropped their target price on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. KeyCorp reduced their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial reaffirmed a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Morgan Stanley lifted their target price on shares of Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Benchmark restated a “buy” rating and issued a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Two investment 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. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $83.35.

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.