Onsemi (NASDAQ:ON) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in shares of Onsemi (NASDAQ:ON) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,108 shares of the semiconductor company’s stock after acquiring an additional 403 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Onsemi were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of Onsemi by 0.9% during the second quarter. Principal Financial Group Inc. now owns 539,364 shares of the semiconductor company’s stock worth $36,973,000 after purchasing an additional 4,728 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Onsemi by 53.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,869 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 1,697 shares during the period. Iridian Asset Management LLC CT lifted its position in Onsemi by 43.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 73,689 shares of the semiconductor company’s stock worth $5,051,000 after acquiring an additional 22,214 shares in the last quarter. Simmons Bank boosted its holdings in Onsemi by 24.8% in the 2nd quarter. Simmons Bank now owns 19,139 shares of the semiconductor company’s stock worth $1,312,000 after acquiring an additional 3,808 shares during the period. Finally, State of Michigan Retirement System grew its position in Onsemi by 0.9% in the second quarter. State of Michigan Retirement System now owns 140,936 shares of the semiconductor company’s stock valued at $9,661,000 after acquiring an additional 1,200 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Stock Up 2.1 %

NASDAQ:ON opened at $77.87 on Friday. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $73.16 and a 200-day moving average of $73.02. The firm has a market capitalization of $33.50 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 4.07 and a beta of 1.69. Onsemi has a 52 week low of $59.34 and a 52 week high of $101.30.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. Analysts predict that Onsemi will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ON. Rosenblatt Securities boosted their target price on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Benchmark upped their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Bank of America lifted their target price on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. KeyCorp lowered their price objective on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.61.

Insider Buying and Selling

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares in the company, valued at $18,011,310.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Trent Thad sold 38,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

About Onsemi

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.