Avestar Capital LLC Reduces Holdings in Onsemi (NASDAQ:ON)

Avestar Capital LLC lessened its position in Onsemi (NASDAQ:ON) by 11.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,976 shares of the semiconductor company’s stock after selling 759 shares during the period. Avestar Capital LLC’s holdings in Onsemi were worth $434,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi in the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. lifted its holdings in Onsemi by 12,850.0% during the 3rd 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. Massmutual Trust Co. FSB ADV lifted its holdings in Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 169 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Onsemi in the 2nd quarter valued at about $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’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 sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 4,500 shares of company stock valued at $321,765 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Onsemi Trading Down 0.7 %

Shares of Onsemi stock opened at $70.35 on Thursday. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The firm’s 50 day simple moving average is $70.24 and its two-hundred day simple moving average is $71.81. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 7.76 and a beta of 1.65.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Analysts predict that Onsemi will post 4 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ON shares. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Wells Fargo & Company started coverage on Onsemi in a research note on Friday, November 22nd. They set an “overweight” rating and a $85.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $85.87.

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.