Sanctuary Advisors LLC Decreases Position in Onsemi (NASDAQ:ON)

Sanctuary Advisors LLC trimmed its holdings in shares of Onsemi (NASDAQ:ON) by 55.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,558 shares of the semiconductor company’s stock after selling 35,505 shares during the quarter. Sanctuary Advisors LLC’s holdings in Onsemi were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in shares of Onsemi in the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi in the 3rd quarter worth $33,000. GHP Investment Advisors Inc. lifted its position in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the period. International Assets Investment Management LLC purchased a new stake in Onsemi during the 2nd quarter valued at about $43,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Onsemi in the third quarter valued at about $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Down 4.1 %

ON stock opened at $64.93 on Thursday. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.10. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The firm has a 50-day simple moving average of $69.18 and a 200-day simple moving average of $71.25. The stock has a market capitalization of $27.65 billion, a P/E ratio of 16.11, a P/E/G ratio of 7.07 and a beta of 1.63.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Onsemi’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. Equities analysts forecast that Onsemi will post 4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of research reports. Robert W. Baird lifted their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. KeyCorp dropped their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Mizuho set a $85.00 target price on shares of Onsemi in a report on Friday, October 18th. TD Cowen lowered their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.87.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Onsemi 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.