Villere ST Denis J & Co. LLC Sells 10,899 Shares of Onsemi (NASDAQ:ON)

Villere ST Denis J & Co. LLC cut its stake in shares of Onsemi (NASDAQ:ON) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,727 shares of the semiconductor company’s stock after selling 10,899 shares during the period. Onsemi accounts for 2.4% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 22nd largest position. Villere ST Denis J & Co. LLC owned about 0.10% of Onsemi worth $26,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Onsemi during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. raised its position in shares of Onsemi by 12,850.0% in the third 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. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the third quarter valued at approximately $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ON has been the subject of a number of analyst reports. Truist Financial dropped their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday. Roth Mkm dropped their price target on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday. Craig Hallum dropped their price target on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Loop Capital started coverage on shares of Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Stock Performance

Shares of Onsemi stock opened at $51.83 on Friday. 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 $46.57 and a twelve month high of $85.16. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61. The company’s fifty day moving average is $58.71 and its 200 day moving average is $66.77.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. Sell-side analysts forecast that Onsemi will post 3.99 EPS for the current year.

Insider Activity at Onsemi

In related 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 value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

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.