Villere ST Denis J & Co. LLC Has $26.09 Million Stock Position in Onsemi (NASDAQ:ON)

Villere ST Denis J & Co. LLC lowered its stake in shares of Onsemi (NASDAQ:ON) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 413,727 shares of the semiconductor company’s stock after selling 10,899 shares during the quarter. Onsemi accounts for approximately 2.4% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 22nd biggest position. Villere ST Denis J & Co. LLC’s holdings in Onsemi were worth $26,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in shares of Onsemi by 675.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the semiconductor company’s stock worth $273,000 after acquiring an additional 3,270 shares during the last quarter. CX Institutional raised its holdings in shares of Onsemi by 5.2% in the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after acquiring an additional 232 shares during the last quarter. Creative Planning raised its holdings in shares of Onsemi by 35.9% in the 3rd quarter. Creative Planning now owns 29,879 shares of the semiconductor company’s stock worth $2,170,000 after acquiring an additional 7,888 shares during the last quarter. Bleakley Financial Group LLC grew its position in Onsemi by 10.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,838 shares of the semiconductor company’s stock worth $497,000 after purchasing an additional 641 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Onsemi by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,238 shares of the semiconductor company’s stock worth $3,212,000 after purchasing an additional 551 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

NASDAQ ON opened at $51.83 on Friday. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The stock has a market capitalization of $22.07 billion, a PE ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61. The company’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $66.77.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Analysts predict that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s 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 sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday. KeyCorp reduced their target price on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Susquehanna reduced their target price on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.16.

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.