Onsemi (NASDAQ:ON) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lessened its holdings in Onsemi (NASDAQ:ON) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,565 shares of the semiconductor company’s stock after selling 1,362 shares during the period. Atlas Capital Advisors LLC’s holdings in Onsemi were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ON. Vanguard Group Inc. boosted its stake in shares of Onsemi by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company’s stock worth $4,205,014,000 after acquiring an additional 321,682 shares during the last quarter. Capital World Investors purchased a new stake in Onsemi during the 4th quarter valued at about $697,276,000. Norges Bank purchased a new position in Onsemi in the 4th quarter worth approximately $418,102,000. Capital International Investors boosted its holdings in shares of Onsemi by 1.0% during the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after purchasing an additional 42,117 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Onsemi by 25.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,218,131 shares of the semiconductor company’s stock valued at $268,835,000 after purchasing an additional 645,969 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 2.1 %

ON stock opened at $77.87 on Friday. Onsemi has a one year low of $59.34 and a one year high of $101.30. The stock has a market capitalization of $33.50 billion, a P/E ratio of 15.89, a PEG ratio of 4.07 and a beta of 1.69. The company has a 50 day moving average price of $73.16 and a two-hundred day moving average price of $73.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business 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 business’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. As a group, sell-side analysts expect that Onsemi will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna lifted their target price on shares of Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Jefferies Financial Group started coverage on Onsemi in a research report on Monday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. Truist Financial lifted their target price on shares of Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Onsemi presently has a consensus rating of “Hold” and a consensus price target of $85.61.

Insiders Place Their Bets

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction 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 completion of the sale, the insider now owns 231,092 shares in the company, valued at $18,011,310.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Trent Thad sold 38,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is 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.