Cwm LLC Has $856,000 Stock Position in Onsemi (NASDAQ:ON)

Cwm LLC increased its position in Onsemi (NASDAQ:ON) by 47.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 11,639 shares of the semiconductor company’s stock after buying an additional 3,725 shares during the period. Cwm LLC’s holdings in Onsemi were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi during the fourth quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Onsemi during the fourth quarter worth approximately $33,000. Private Wealth Management Group LLC acquired a new position in shares of Onsemi during the fourth quarter worth approximately $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Onsemi during the third quarter worth approximately $38,000. Finally, Headinvest LLC acquired a new position in shares of Onsemi during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Activity

In other news, Director Paul Anthony Mascarenas sold 911 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Onsemi news, CFO Trent Thad sold 38,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Onsemi Price Performance

Shares of ON stock opened at $67.63 on Friday. The stock’s fifty day moving average is $70.43 and its 200-day moving average is $74.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The stock has a market capitalization of $29.10 billion, a PE ratio of 13.80, a PEG ratio of 3.22 and a beta of 1.71. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts expect that Onsemi will post 3.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research analyst reports. BNP Paribas reiterated an “underperform” rating and set a $55.00 price target on shares of Onsemi in a report on Friday, April 19th. Stifel Nicolaus lowered their price objective on Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Susquehanna lowered their price objective on Onsemi from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Tuesday, April 30th. Finally, Mizuho lowered their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.28.

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.