Baker Ellis Asset Management LLC Sells 1,250 Shares of Onsemi (NASDAQ:ON)

Baker Ellis Asset Management LLC decreased its holdings in Onsemi (NASDAQ:ON) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,101 shares of the semiconductor company’s stock after selling 1,250 shares during the period. Baker Ellis Asset Management LLC’s holdings in Onsemi were worth $5,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ON. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi during the fourth quarter worth $32,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Onsemi during the fourth quarter worth $33,000. Private Wealth Management Group LLC acquired a new position in shares of Onsemi during the fourth quarter worth $33,000. Headinvest LLC acquired a new position in shares of Onsemi during the third quarter worth $44,000. Finally, Planned Solutions Inc. acquired a new position in shares of Onsemi during the fourth quarter worth $46,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Price Performance

ON stock traded up $0.69 during mid-day trading on Friday, reaching $68.55. The company’s stock had a trading volume of 5,258,075 shares, compared to its average volume of 5,078,583. The stock has a market cap of $29.49 billion, a PE ratio of 13.99, a P/E/G ratio of 3.09 and a beta of 1.71. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The company’s 50 day moving average is $70.90 and its two-hundred day moving average is $74.37.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 earnings per share. Equities research analysts expect that Onsemi will post 3.83 EPS for the current year.

Analyst Ratings Changes

ON has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $103.00 target price (down from $115.00) on shares of Onsemi in a research report on Tuesday, April 30th. Wells Fargo & Company cut their target price on Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 23rd. Truist Financial lowered their price target on shares of Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Stifel Nicolaus lowered their price target on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, Jefferies Financial Group assumed coverage on shares of Onsemi in a report on Monday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.28.

Insider Buying and Selling at Onsemi

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

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.