Crossmark Global Holdings Inc. Trims Position in Onsemi (NASDAQ:ON)

Crossmark Global Holdings Inc. lessened its stake in Onsemi (NASDAQ:ONFree Report) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,233 shares of the semiconductor company’s stock after selling 2,159 shares during the period. Crossmark Global Holdings Inc.’s holdings in Onsemi were worth $1,606,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in Onsemi by 189.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 103,587 shares of the semiconductor company’s stock valued at $8,653,000 after purchasing an additional 67,853 shares during the period. Capital World Investors purchased a new position in Onsemi during the 4th quarter valued at about $697,276,000. Capital International Sarl increased its position in Onsemi by 50.7% during the 4th quarter. Capital International Sarl now owns 129,157 shares of the semiconductor company’s stock valued at $10,788,000 after purchasing an additional 43,471 shares during the period. Capital International Ltd. CA increased its position in Onsemi by 33.9% during the 4th quarter. Capital International Ltd. CA now owns 114,566 shares of the semiconductor company’s stock valued at $9,570,000 after purchasing an additional 28,993 shares during the period. Finally, Capital International Investors increased its position in Onsemi by 1.1% during the 4th quarter. Capital International Investors now owns 4,064,889 shares of the semiconductor company’s stock valued at $339,590,000 after purchasing an additional 43,565 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul Anthony Mascarenas sold 911 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by insiders.

Onsemi Stock Performance

ON opened at $72.31 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87. The firm has a fifty day moving average price of $70.08 and a 200 day moving average price of $74.54. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35. The stock has a market cap of $31.11 billion, a P/E ratio of 14.76, a P/E/G ratio of 3.29 and a beta of 1.71.

Onsemi (NASDAQ:ONGet Free Report) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Equities research analysts anticipate that Onsemi will post 3.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ON shares. Truist Financial cut their price objective on shares of Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Morgan Stanley cut their price objective on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a research report on Tuesday, April 30th. 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 research report on Tuesday, April 30th. Finally, Benchmark cut their price objective on shares of Onsemi from $88.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.28.

Check Out Our Latest Analysis on ON

Onsemi Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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