Avestar Capital LLC Trims Stock Holdings in Onsemi (NASDAQ:ON)

Avestar Capital LLC lowered its stake in shares of Onsemi (NASDAQ:ON) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,501 shares of the semiconductor company’s stock after selling 2,475 shares during the period. Avestar Capital LLC’s holdings in Onsemi were worth $221,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ON. Capital Performance Advisors LLP purchased a new stake in Onsemi during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi in the third quarter worth about $33,000. GHP Investment Advisors Inc. boosted 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 acquiring an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Onsemi during the 4th quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the 3rd quarter worth approximately $43,000. 97.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now directly 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

ON has been the topic of several research analyst reports. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Truist Financial decreased their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley dropped their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group decreased their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Up 1.8 %

Shares of NASDAQ:ON opened at $51.83 on Friday. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The stock’s 50-day moving average is $58.71 and its 200 day moving average is $66.72. The company has a market cap of $21.84 billion, a PE ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Sell-side analysts anticipate that Onsemi will post 3.99 EPS for the current year.

Onsemi Company 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.