Kentucky Retirement Systems Sells 406 Shares of Onsemi (NASDAQ:ON)

Kentucky Retirement Systems trimmed its holdings in Onsemi (NASDAQ:ON) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,436 shares of the semiconductor company’s stock after selling 406 shares during the quarter. Kentucky Retirement Systems’ holdings in Onsemi were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. increased its stake in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Onsemi during the 4th quarter valued at about $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi during the 3rd quarter valued at about $43,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $54.05 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The company has a market capitalization of $22.78 billion, a P/E ratio of 14.89, a P/E/G ratio of 16.74 and a beta of 1.61. The firm’s 50 day simple moving average is $57.39 and its two-hundred day simple moving average is $66.11.

Onsemi (NASDAQ:ON) last released its quarterly earnings data 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 net margin of 22.21% and a return on equity of 20.10%. Research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value 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. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

ON has been the topic of a number of recent analyst reports. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. UBS Group dropped their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target on the stock. Citigroup dropped their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC dropped their price target on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.16.

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.