Rep. Robert Bresnahan, Jr. Sells Off Shares of Onsemi (NASDAQ:ON)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Onsemi (NASDAQ:ON). In a filing disclosed on March 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Onsemi stock on February 11th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of monday.com (NASDAQ:MNDY) on 2/11/2025.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 2/10/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/10/2025.

Onsemi Stock Down 2.9 %

Shares of NASDAQ ON traded down $1.30 during midday trading on Tuesday, hitting $42.86. 9,005,844 shares of the company’s stock were exchanged, compared to its average volume of 6,798,260. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a twelve month low of $41.86 and a twelve month high of $82.65. The company has a market cap of $18.06 billion, a PE ratio of 11.81, a P/E/G ratio of 16.74 and a beta of 1.59. The firm’s fifty day simple moving average is $52.80 and its 200-day simple moving average is $63.80.

Onsemi (NASDAQ:ON) last released its quarterly 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 return on equity of 20.10% and a net margin of 22.21%. Research analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Trading of Onsemi

Several institutional investors have recently made changes to their positions in ON. Capital Performance Advisors LLP bought a new stake in Onsemi in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Onsemi in the third quarter worth $33,000. Elequin Capital LP increased its stake in shares of Onsemi by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 274 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Onsemi in the fourth quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the third quarter worth $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ON has been the topic of several analyst reports. Susquehanna lowered their target price on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Citigroup lowered their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Loop Capital assumed coverage on Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.85.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.