Rep. Julie Johnson Acquires Onsemi (NASDAQ:ON) Shares

Representative Julie Johnson (D-Texas) recently bought shares of Onsemi (NASDAQ:ON). In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Onsemi stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $43.19 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 16.74 and a beta of 1.59. The stock’s fifty day moving average price is $52.01 and its two-hundred day moving average price is $63.51. Onsemi has a one year low of $41.59 and a one year high of $80.08.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, equities analysts forecast that Onsemi will post 2.6 EPS for the current year.

Institutional Investors Weigh In On Onsemi

Institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Onsemi in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi in the third quarter valued at $33,000. Elequin Capital LP raised its holdings in shares of Onsemi by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 274 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi in the 4th quarter valued at about $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi in the 3rd quarter valued at about $43,000. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Craig Hallum dropped their price target on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research note 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 on the stock in a research note on Tuesday, February 11th. Rosenblatt Securities restated a “neutral” rating and issued a $49.00 target price on shares of Onsemi in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and an average price target of $66.85.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.