Moody National Bank Trust Division Sells 516 Shares of Onsemi (NASDAQ:ON)

Moody National Bank Trust Division cut its position in Onsemi (NASDAQ:ON) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,387 shares of the semiconductor company’s stock after selling 516 shares during the quarter. Moody National Bank Trust Division’s holdings in Onsemi were worth $655,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi in the 3rd quarter worth $33,000. GHP Investment Advisors Inc. raised its position in shares of 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 buying an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in Onsemi in the third quarter valued at $43,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Onsemi by 42.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 269 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Insider Transactions at Onsemi

In other 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

NASDAQ:ON opened at $55.18 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a twelve month low of $53.10 and a twelve month high of $85.16. The stock has a market cap of $23.50 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 7.07 and a beta of 1.64. The firm’s fifty day simple moving average is $66.59 and its 200 day simple moving average is $70.20.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results 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. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. Onsemi’s quarterly revenue was down 19.2% on a year-over-year basis. As a group, research analysts predict that Onsemi will post 4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $87.00 price objective on shares of Onsemi in a research report on Tuesday, November 19th. Loop Capital assumed coverage on shares of Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price target on the stock. Roth Mkm restated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. BNP Paribas cut their price objective on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and an average target price of $83.35.

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.