Moran Wealth Management LLC Sells 165 Shares of Onsemi (NASDAQ:ON)

Moran Wealth Management LLC trimmed its position in Onsemi (NASDAQ:ON) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,115 shares of the semiconductor company’s stock after selling 165 shares during the period. Moran Wealth Management LLC’s holdings in Onsemi were worth $2,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ON. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi in the 3rd quarter valued at approximately $33,000. GHP Investment Advisors Inc. lifted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Onsemi during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

NASDAQ ON opened at $68.32 on Friday. Onsemi has a 52-week low of $59.34 and a 52-week high of $86.77. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 7.15 and a beta of 1.65. The company’s fifty day moving average is $70.25 and its two-hundred day moving average is $71.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a research report on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $90.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Truist Financial lowered their target price on Onsemi from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. KeyCorp decreased their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Finally, Loop Capital assumed coverage on shares of Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.30.

Insider Activity at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

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.