Onsemi (NASDAQ:ON) Stake Boosted by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Onsemi (NASDAQ:ON) by 1,126.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,548 shares of the semiconductor company’s stock after purchasing an additional 6,014 shares during the quarter. Venturi Wealth Management LLC’s holdings in Onsemi were worth $413,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Onsemi by 35.9% in the third quarter. Creative Planning now owns 29,879 shares of the semiconductor company’s stock valued at $2,170,000 after buying an additional 7,888 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Onsemi by 10.3% in the third quarter. Bleakley Financial Group LLC now owns 6,838 shares of the semiconductor company’s stock valued at $497,000 after buying an additional 641 shares during the last quarter. Blue Trust Inc. lifted its stake in Onsemi by 7.5% in the third quarter. Blue Trust Inc. now owns 6,957 shares of the semiconductor company’s stock valued at $477,000 after buying an additional 483 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Onsemi by 5.4% in the third quarter. Sequoia Financial Advisors LLC now owns 7,909 shares of the semiconductor company’s stock valued at $574,000 after buying an additional 405 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Onsemi by 20.1% in the third quarter. Signaturefd LLC now owns 7,799 shares of the semiconductor company’s stock valued at $566,000 after buying an additional 1,306 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Trading Up 6.9 %

Shares of ON opened at $55.52 on Thursday. The business’s 50-day moving average price is $57.86 and its 200 day moving average price is $66.31. The stock has a market capitalization of $23.40 billion, a P/E ratio of 15.29, a P/E/G ratio of 15.56 and a beta of 1.61. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. KeyCorp cut their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley cut their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group cut their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company cut their price objective on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup cut their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.16.

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.