First Dallas Securities Inc. Cuts Stock Position in Onsemi (NASDAQ:ON)

First Dallas Securities Inc. reduced its position in Onsemi (NASDAQ:ON) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,915 shares of the semiconductor company’s stock after selling 4,175 shares during the quarter. First Dallas Securities Inc.’s holdings in Onsemi were worth $751,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Onsemi during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. boosted its stake in shares of Onsemi by 12,850.0% in the third 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. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi during the third quarter worth approximately $43,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Onsemi in the fourth quarter worth about $51,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ON. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Truist Financial reissued a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research report on Friday, January 10th. KeyCorp reduced their price target on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Loop Capital started coverage on shares of Onsemi in a research report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Onsemi Stock Down 4.0 %

NASDAQ:ON opened at $50.26 on Tuesday. The company has a market cap of $21.40 billion, a PE ratio of 12.47, a PEG ratio of 10.02 and a beta of 1.62. Onsemi has a 52-week low of $49.80 and a 52-week high of $85.16. The stock has a 50-day simple moving average of $62.13 and a 200 day simple moving average of $68.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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 owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate 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.