Rep. Julie Johnson Sells Off Shares of Onsemi (NASDAQ:ON)

Representative Julie Johnson (D-Texas) recently sold shares of Onsemi (NASDAQ:ON). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Onsemi stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Onsemi Trading Up 0.9%

Onsemi stock traded up $0.40 during trading hours on Friday, reaching $44.92. 5,476,301 shares of the company’s stock traded hands, compared to its average volume of 7,755,784. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a fifty-two week low of $31.04 and a fifty-two week high of $80.08. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 16.74 and a beta of 1.39. The firm’s 50 day moving average is $39.76 and its 200-day moving average is $52.96.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Onsemi had a net margin of 22.21% and a return on equity of 20.10%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was down 22.4% compared to the same quarter last year. On average, analysts predict that Onsemi will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho dropped their target price on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Needham & Company LLC dropped their target price on shares of Onsemi from $57.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Roth Capital set a $60.00 target price on shares of Onsemi in a report on Friday, March 7th. Stifel Nicolaus dropped their target price on shares of Onsemi from $52.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price on shares of Onsemi from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $54.12.

Hedge Funds Weigh In On Onsemi

Hedge funds and other institutional investors have recently made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of Onsemi during the first quarter worth $26,000. Golden State Wealth Management LLC lifted its holdings in shares of Onsemi by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Elequin Capital LP raised its stake in Onsemi by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 274 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi in the fourth quarter valued at about $41,000. Finally, Opal Wealth Advisors LLC acquired a new position in Onsemi in the first quarter valued at about $41,000. 97.70% of the stock is owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.