Onsemi (NASDAQ:ON) Holdings Decreased by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC decreased its holdings in shares of Onsemi (NASDAQ:ON) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,076 shares of the semiconductor company’s stock after selling 2,560 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Onsemi were worth $4,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its position in Onsemi by 25.9% during the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after purchasing an additional 82,614 shares during the last quarter. Natixis Advisors LLC boosted its position in Onsemi by 1.4% during the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after purchasing an additional 18,450 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Onsemi during the third quarter valued at $1,270,000. Oak Thistle LLC acquired a new stake in Onsemi during the fourth quarter valued at $515,000. Finally, Public Employees Retirement System of Ohio boosted its position in Onsemi by 18.7% during the third quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock valued at $14,116,000 after purchasing an additional 30,695 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ON. BNP Paribas reduced their price target on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. TD Cowen reduced their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho set a $85.00 price target on Onsemi in a research report on Friday, October 18th. Morgan Stanley boosted their price target on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, KeyCorp reduced their price target on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two investment 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 MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and an average target price of $82.26.

Onsemi Stock Up 0.8 %

NASDAQ:ON opened at $56.03 on Thursday. The stock’s fifty day moving average price is $64.42 and its two-hundred day moving average price is $69.40. Onsemi has a 52-week low of $53.10 and a 52-week high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 10.54 and a beta of 1.64.

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

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s 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 owns 837,710 shares in the company, valued at $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

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.