13,637 onsemi $ON Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC cut its holdings in shares of onsemi (NASDAQ:ON) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,237 shares of the semiconductor company’s stock after selling 13,637 shares during the period. onsemi comprises approximately 1.8% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 23rd largest holding. Villere ST Denis J & Co. LLC’s holdings in onsemi were worth $17,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ON. Greenleaf Trust raised its position in onsemi by 2.5% in the 3rd quarter. Greenleaf Trust now owns 5,890 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 144 shares during the last quarter. Compound Planning Inc. boosted its stake in onsemi by 3.9% in the first quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 179 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of onsemi by 5.6% during the third quarter. Brookstone Capital Management now owns 5,318 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 284 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of onsemi by 1.4% during the second quarter. Integrated Wealth Concepts LLC now owns 22,059 shares of the semiconductor company’s stock worth $2,085,000 after purchasing an additional 298 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of onsemi by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 12,640 shares of the semiconductor company’s stock valued at $969,000 after buying an additional 311 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

onsemi Stock Up 9.2%

NASDAQ ON opened at $69.11 on Tuesday. The stock has a market capitalization of $26.90 billion, a P/E ratio of 40.18, a price-to-earnings-growth ratio of 0.57 and a beta of 2.11. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.49 and a current ratio of 3.55. The stock has a fifty day moving average of $74.15 and a 200-day moving average of $82.19.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that onsemi will post 3.27 EPS for the current year.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi was among semiconductor names reported to have rallied, providing a sector-wide tailwind for the stock. The article does not specify a company-specific catalyst for the move. Article: Semiconductor and technology shares rally
• Neutral Sentiment: Vadzo Imaging announced camera products using onsemi image sensors, including a 4K camera with the AR1335 sensor and UAV and GigE/Wi-Fi cameras featuring other onsemi sensors. These applications may highlight product adoption, but the announcements disclose no sales, orders, or financial contribution. Article: Vadzo launches camera using onsemi sensor

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rosenblatt Securities cut their price target on onsemi from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, November 3rd. B. Riley Financial lowered their price objective on shares of onsemi from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Evercore dropped their target price on shares of onsemi from $137.00 to $90.00 in a research note on Monday, November 2nd. Stifel Nicolaus upped their target price on shares of onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, October 5th. Finally, UBS Group reissued a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, onsemi has an average rating of “Moderate Buy” and a consensus target price of $95.03.

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.