Sequoia Financial Advisors LLC Has $526,000 Stock Position in Onsemi (NASDAQ:ON)

Sequoia Financial Advisors LLC lowered its holdings in Onsemi (NASDAQ:ONFree Report) by 20.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,156 shares of the semiconductor company’s stock after selling 1,788 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Onsemi were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $33,000. Private Wealth Management Group LLC bought a new position in shares of Onsemi during the 4th quarter worth approximately $33,000. Westside Investment Management Inc. lifted its position in shares of Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after buying an additional 550 shares during the period. Finally, Headinvest LLC bought a new position in shares of Onsemi during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Paul Anthony Mascarenas sold 911 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the transaction, the director now owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Onsemi Stock Performance

ON opened at $73.38 on Monday. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35. The firm has a market capitalization of $31.57 billion, a PE ratio of 14.98, a PEG ratio of 3.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The business’s 50-day simple moving average is $71.67 and its 200 day simple moving average is $73.89.

Onsemi (NASDAQ:ONGet Free Report) last released its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. Onsemi’s revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Onsemi will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $92.00 target price on shares of Onsemi in a research report on Thursday, June 13th. Jefferies Financial Group initiated coverage on Onsemi in a research report on Monday, May 13th. They set a “buy” rating and a $100.00 target price for the company. BNP Paribas restated an “underperform” rating and set a $55.00 target price on shares of Onsemi in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group cut their price objective on Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.28.

Read Our Latest Report on Onsemi

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.

Further Reading

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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