AlphaMark Advisors LLC Sells 184 Shares of Onsemi (NASDAQ:ON)

AlphaMark Advisors LLC lowered its holdings in Onsemi (NASDAQ:ON) by 2.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,199 shares of the semiconductor company’s stock after selling 184 shares during the quarter. AlphaMark Advisors LLC’s holdings in Onsemi were worth $677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ON. Capital Insight Partners LLC grew its holdings in shares of Onsemi by 9.7% during the first quarter. Capital Insight Partners LLC now owns 57,733 shares of the semiconductor company’s stock worth $4,246,000 after purchasing an additional 5,084 shares during the last quarter. Hennessy Advisors Inc. grew its position in shares of Onsemi by 9.9% during the 1st quarter. Hennessy Advisors Inc. now owns 38,459 shares of the semiconductor company’s stock worth $2,829,000 after buying an additional 3,459 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Onsemi by 39.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,299 shares of the semiconductor company’s stock valued at $978,000 after purchasing an additional 3,735 shares during the period. Davis Investment Partners LLC acquired a new position in Onsemi in the first quarter valued at about $940,000. Finally, Gateway Investment Advisers LLC boosted its stake in Onsemi by 2.4% during the 1st quarter. Gateway Investment Advisers LLC now owns 50,193 shares of the semiconductor company’s stock worth $3,692,000 after acquiring an additional 1,185 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

In other news, CFO Trent Thad sold 38,000 shares of the firm’s 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 in the company, valued at $24,074,193.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction 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 directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark reduced their price target on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. KeyCorp reduced their target price on Onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Susquehanna dropped their price target on Onsemi from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Tuesday, April 30th. BNP Paribas reaffirmed an “underperform” rating and set a $55.00 price objective on shares of Onsemi in a research report on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.28.

Onsemi Stock Up 0.9 %

Shares of NASDAQ ON traded up $0.63 during trading on Monday, reaching $69.18. 4,690,916 shares of the stock were exchanged, compared to its average volume of 6,865,394. The business’s 50-day moving average price is $71.07 and its 200 day moving average price is $74.20. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 3.12 and a beta of 1.71. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35.

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

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.