Measured Wealth Private Client Group LLC Reduces Holdings in Onsemi (NASDAQ:ON)

Measured Wealth Private Client Group LLC decreased its position in shares of Onsemi (NASDAQ:ON) by 6.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,387 shares of the semiconductor company’s stock after selling 238 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Onsemi were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ON. Turtle Creek Wealth Advisors LLC purchased a new position in Onsemi during the fourth quarter worth about $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi during the 4th quarter valued at $33,000. Private Wealth Management Group LLC bought a new stake in shares of Onsemi during the 4th quarter worth $33,000. Headinvest LLC purchased a new position in Onsemi in the third quarter worth $44,000. Finally, Planned Solutions Inc. bought a new position in Onsemi in the fourth quarter valued at $46,000. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore ISI began coverage on Onsemi in a report on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 price objective for the company. Morgan Stanley decreased their target price on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Benchmark dropped their target price on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Stifel Nicolaus cut their price target on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company reduced their target price on Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.28.

Onsemi Stock Performance

ON opened at $72.92 on Wednesday. The company’s 50 day moving average is $71.30 and its 200 day moving average is $74.11. The company has a market cap of $31.37 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.12 and a beta of 1.69. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32.

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

Insider Buying and Selling

In other Onsemi news, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction that occurred 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 sale, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trent Thad sold 38,000 shares of Onsemi 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 completion of the sale, the chief financial officer now directly owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. 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.