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

Court Place Advisors LLC decreased its holdings in Onsemi (NASDAQ:ON) by 25.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,800 shares of the semiconductor company’s stock after selling 3,000 shares during the period. Court Place Advisors LLC’s holdings in Onsemi were worth $555,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP grew its stake in Onsemi by 8,367.5% in the 3rd quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock valued at $81,544,000 after buying an additional 1,109,778 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Onsemi by 26.4% in the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock valued at $237,559,000 after purchasing an additional 729,081 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Onsemi by 14.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock worth $215,518,000 after purchasing an additional 380,471 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Onsemi by 19.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock worth $145,887,000 after purchasing an additional 326,734 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after purchasing an additional 309,445 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Trading Down 1.0 %

ON opened at $53.94 on Tuesday. The company has a market cap of $22.97 billion, a P/E ratio of 13.38, a PEG ratio of 10.62 and a beta of 1.64. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $63.74 and its 200-day moving average is $68.94. Onsemi has a 1-year low of $53.10 and a 1-year high of $85.16.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm 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 quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. Equities research analysts predict that Onsemi will post 4 earnings per share for the current fiscal year.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred 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 directly owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ON has been the topic of several recent research reports. BNP Paribas lowered their price objective on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Loop Capital began coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective for the company. Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Finally, Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and a consensus price target of $81.70.

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.