Larson Financial Group LLC Grows Holdings in Onsemi (NASDAQ:ON)

Larson Financial Group LLC boosted its holdings in Onsemi (NASDAQ:ON) by 28.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,816 shares of the semiconductor company’s stock after purchasing an additional 406 shares during the quarter. Larson Financial Group LLC’s holdings in Onsemi were worth $132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its position in Onsemi by 9.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,664 shares of the semiconductor company’s stock worth $417,000 after buying an additional 512 shares during the last quarter. Tidal Investments LLC raised its position in Onsemi by 19.5% during the 1st quarter. Tidal Investments LLC now owns 41,640 shares of the semiconductor company’s stock worth $3,066,000 after buying an additional 6,792 shares during the last quarter. Comerica Bank raised its position in Onsemi by 21.1% during the 1st quarter. Comerica Bank now owns 98,781 shares of the semiconductor company’s stock worth $7,265,000 after buying an additional 17,198 shares during the last quarter. Atria Investments Inc raised its position in Onsemi by 3.2% during the 1st quarter. Atria Investments Inc now owns 25,084 shares of the semiconductor company’s stock worth $1,845,000 after buying an additional 775 shares during the last quarter. Finally, Boston Partners purchased a new position in Onsemi during the 1st quarter worth $2,580,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the transaction, the chief executive officer now owns 839,210 shares in the company, valued at approximately $61,018,959.10. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 4,500 shares of company stock worth $321,765 in the last three months. Company insiders own 0.31% of the company’s stock.

Onsemi Trading Down 0.7 %

Shares of ON stock opened at $70.35 on Friday. The firm has a market cap of $29.95 billion, a P/E ratio of 17.46, a PEG ratio of 7.76 and a beta of 1.65. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77. 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 firm’s 50-day simple moving average is $70.23 and its 200-day simple moving average is $71.80.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue was down 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. As a group, equities analysts forecast that Onsemi will post 4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ON. Wells Fargo & Company began coverage on shares of Onsemi in a research note on Friday, November 22nd. They set an “overweight” rating and a $85.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price target on shares of Onsemi in a research note on Tuesday, November 19th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. KeyCorp lowered their price target on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, Loop Capital started coverage on shares of Onsemi in a research note on Monday, November 11th. They set a “buy” rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.87.

Onsemi 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.