Greenleaf Trust Acquires 173 Shares of Onsemi (NASDAQ:ON)

Greenleaf Trust raised its holdings in Onsemi (NASDAQ:ON) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,262 shares of the semiconductor company’s stock after purchasing an additional 173 shares during the quarter. Greenleaf Trust’s holdings in Onsemi were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of Onsemi by 25.8% during the 3rd quarter. Private Advisor Group LLC now owns 8,424 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 1,728 shares during the last quarter. Eastern Bank bought a new position in Onsemi during the third quarter valued at $364,000. Signaturefd LLC increased its position in Onsemi by 20.1% in the third quarter. Signaturefd LLC now owns 7,799 shares of the semiconductor company’s stock worth $566,000 after buying an additional 1,306 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Onsemi by 5.4% in the third quarter. Sequoia Financial Advisors LLC now owns 7,909 shares of the semiconductor company’s stock valued at $574,000 after buying an additional 405 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Onsemi by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock valued at $215,518,000 after buying an additional 380,471 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com cut Onsemi from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. Morgan Stanley lowered shares of Onsemi from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $70.00 to $65.00 in a research report on Thursday, July 11th. KeyCorp cut their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. TD Cowen boosted their target price on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, Truist Financial raised their price target on Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Onsemi presently has an average rating of “Hold” and a consensus target price of $85.74.

Onsemi Stock Up 1.7 %

ON opened at $71.25 on Friday. The business’s fifty day simple moving average is $71.63 and its 200 day simple moving average is $71.39. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The stock has a market cap of $30.65 billion, a PE ratio of 14.54, a P/E/G ratio of 3.57 and a beta of 1.65.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. As a group, research analysts expect that Onsemi will post 4.01 earnings per share for the current fiscal year.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the sale, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.80, for a total value of $106,200.00. Following the completion of the sale, the chief executive officer now owns 840,620 shares in the company, valued at approximately $59,515,896. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Simon Keeton sold 30,939 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,939 shares of company stock worth $2,626,651. 0.31% of the stock is currently owned by insiders.

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.