Court Place Advisors LLC Has $555,000 Stock Position in Onsemi (NASDAQ:ON)

Court Place Advisors LLC lowered its stake in shares of Onsemi (NASDAQ:ON) by 25.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,800 shares of the semiconductor company’s stock after selling 3,000 shares during the quarter. Court Place Advisors LLC’s holdings in Onsemi were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Slow Capital Inc. raised its position in shares of Onsemi by 0.8% during the fourth quarter. Slow Capital Inc. now owns 53,705 shares of the semiconductor company’s stock worth $3,386,000 after acquiring an additional 430 shares during the last quarter. Baldwin Wealth Partners LLC MA increased its position in Onsemi by 7.4% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 101,789 shares of the semiconductor company’s stock worth $6,418,000 after purchasing an additional 7,032 shares during the period. Pacer Advisors Inc. raised its holdings in Onsemi by 21.5% during the 4th quarter. Pacer Advisors Inc. now owns 75,692 shares of the semiconductor company’s stock worth $4,772,000 after purchasing an additional 13,412 shares during the last quarter. Blue Trust Inc. lifted its position in Onsemi by 16.1% during the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after purchasing an additional 1,119 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of Onsemi by 9.9% in the 4th quarter. AlphaMark Advisors LLC now owns 9,958 shares of the semiconductor company’s stock valued at $628,000 after purchasing an additional 897 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Down 1.0 %

Shares of Onsemi stock opened at $53.94 on Tuesday. Onsemi has a 52-week low of $53.10 and a 52-week high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The business’s 50 day simple moving average is $63.74 and its 200 day simple moving average is $68.94. The firm has a market cap of $22.97 billion, a PE ratio of 13.38, a P/E/G ratio of 10.62 and a beta of 1.64.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.76 billion for 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 firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, analysts predict that Onsemi will post 4 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value 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 approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ON shares. Mizuho set a $85.00 price target on shares of Onsemi in a research note on Friday, October 18th. The Goldman Sachs Group dropped their target price on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 10th. TD Cowen reduced their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $87.00 target price on shares of Onsemi in a report on Tuesday, November 19th. Two 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 MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $81.70.

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.