Fort Washington Investment Advisors Inc. OH Sells 577 Shares of Onsemi (NASDAQ:ON)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Onsemi (NASDAQ:ON) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,790 shares of the semiconductor company’s stock after selling 577 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Onsemi were worth $239,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ON. Davis Investment Partners LLC lifted its position in shares of Onsemi by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock worth $1,224,000 after buying an additional 142 shares in the last quarter. Greenleaf Trust lifted its position in shares of Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after buying an additional 173 shares in the last quarter. Meridian Financial Partners LLC lifted its position in shares of Onsemi by 1.7% during the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after buying an additional 192 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock worth $350,000 after buying an additional 206 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its position in shares of Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after buying an additional 209 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Onsemi Stock Up 0.4 %

ON opened at $56.26 on Friday. The company has a fifty day moving average price of $64.20 and a 200-day moving average price of $69.31. The firm has a market capitalization of $23.96 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 10.54 and a beta of 1.64. 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 has a one year low of $53.10 and a one year high of $85.16.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on ON shares. Mizuho set a $85.00 target price on shares of Onsemi in a research report on Friday, October 18th. Benchmark restated a “buy” rating and set a $90.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Roth Mkm restated a “buy” rating and set a $100.00 price target on shares of Onsemi in a research note on Thursday, December 12th. Susquehanna decreased their price target on shares of Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday. Finally, Truist Financial restated a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given 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 “Moderate Buy” and an average target price of $82.26.

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.