Wilmington Savings Fund Society FSB Sells 1,609 Shares of Onsemi (NASDAQ:ON)

Wilmington Savings Fund Society FSB reduced its stake in Onsemi (NASDAQ:ON) by 30.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,744 shares of the semiconductor company’s stock after selling 1,609 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Onsemi were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Onsemi by 2.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,330 shares of the semiconductor company’s stock worth $2,858,000 after acquiring an additional 1,092 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Onsemi by 3.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,098,616 shares of the semiconductor company’s stock worth $69,268,000 after acquiring an additional 36,793 shares in the last quarter. Deltec Asset Management LLC bought a new position in Onsemi in the 4th quarter worth about $6,343,000. E. Ohman J or Asset Management AB grew its stake in Onsemi by 14.5% in the 4th quarter. E. Ohman J or Asset Management AB now owns 18,900 shares of the semiconductor company’s stock worth $1,192,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in shares of Onsemi by 14.6% during the fourth quarter. Rheos Capital Works Inc. now owns 149,500 shares of the semiconductor company’s stock valued at $9,426,000 after purchasing an additional 19,000 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ON. Truist Financial dropped their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday. B. Riley dropped their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup dropped 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. Roth Mkm dropped their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, TD Cowen decreased their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Trading Up 4.4 %

Shares of Onsemi stock opened at $50.06 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The firm has a fifty day moving average price of $59.30 and a 200 day moving average price of $67.06. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The stock has a market cap of $21.32 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Equities research analysts predict that Onsemi will post 3.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’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. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate 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.