Onsemi (NASDAQ:ON) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in Onsemi (NASDAQ:ON) by 32.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,404 shares of the semiconductor company’s stock after selling 27,630 shares during the period. Janney Montgomery Scott LLC’s holdings in Onsemi were worth $4,149,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Onsemi during the 4th quarter valued at approximately $32,000. Private Wealth Management Group LLC bought a new stake in shares of Onsemi during the 4th quarter valued at about $33,000. MeadowBrook Investment Advisors LLC acquired a new stake in Onsemi during the fourth quarter worth about $33,000. Headinvest LLC bought a new position in Onsemi in the third quarter worth about $44,000. Finally, Planned Solutions Inc. acquired a new position in Onsemi in the fourth quarter valued at approximately $46,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Rosenblatt Securities cut their price target on Onsemi from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Jefferies Financial Group started coverage on shares of Onsemi in a report on Monday, May 13th. They issued a “buy” rating and a $100.00 price objective on the stock. Truist Financial reduced their target price on shares of Onsemi from $89.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, Benchmark decreased their target price on shares of Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average price target of $89.88.

Onsemi Price Performance

NASDAQ ON opened at $74.24 on Friday. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35. The company has a market cap of $31.94 billion, a PE ratio of 15.15, a PEG ratio of 3.49 and a beta of 1.69. The stock’s 50-day moving average price is $72.06 and its two-hundred day moving average price is $73.78.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, analysts predict that Onsemi will post 3.83 EPS for the current year.

Insider Transactions at Onsemi

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the sale, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.