Crossmark Global Holdings Inc. Has $1.30 Million Stock Holdings in Onsemi (NASDAQ:ON)

Crossmark Global Holdings Inc. reduced its stake in Onsemi (NASDAQ:ON) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,889 shares of the semiconductor company’s stock after selling 1,219 shares during the period. Crossmark Global Holdings Inc.’s holdings in Onsemi were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ON. Assenagon Asset Management S.A. lifted its stake in Onsemi by 690.2% during the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after purchasing an additional 88,496 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Onsemi during the first quarter worth about $808,000. Entropy Technologies LP bought a new stake in shares of Onsemi during the first quarter worth about $555,000. Comerica Bank increased its stake in shares of Onsemi by 21.1% in the first quarter. Comerica Bank now owns 98,781 shares of the semiconductor company’s stock valued at $7,265,000 after buying an additional 17,198 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Onsemi by 83.9% during the first quarter. US Bancorp DE now owns 104,590 shares of the semiconductor company’s stock worth $7,693,000 after purchasing an additional 47,721 shares during the period. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $68.49 on Thursday. The business has a 50-day simple moving average of $70.55 and a two-hundred day simple moving average of $71.94. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $86.77. The firm has a market cap of $29.16 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 7.53 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. On average, analysts expect that Onsemi will post 4 earnings per share for the current year.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial decreased their price target on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. TD Cowen cut their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Loop Capital started coverage on shares of Onsemi in a research report on Monday. They set a “buy” rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.30.

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.