Cox Capital Mgt LLC Sells 251 Shares of Onsemi (NASDAQ:ON)

Cox Capital Mgt LLC decreased its position in Onsemi (NASDAQ:ON) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,794 shares of the semiconductor company’s stock after selling 251 shares during the period. Cox Capital Mgt LLC’s holdings in Onsemi were worth $1,002,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Guinness Atkinson Asset Management Inc raised its stake in shares of Onsemi by 1.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,313 shares of the semiconductor company’s stock worth $1,257,000 after purchasing an additional 328 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Onsemi by 268.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,163 shares of the semiconductor company’s stock worth $230,000 after buying an additional 2,304 shares in the last quarter. Capital Insight Partners LLC lifted its stake in Onsemi by 2.1% during the 3rd quarter. Capital Insight Partners LLC now owns 58,656 shares of the semiconductor company’s stock valued at $4,259,000 after acquiring an additional 1,179 shares during the period. Wedmont Private Capital boosted its holdings in shares of Onsemi by 35.4% during the 3rd quarter. Wedmont Private Capital now owns 3,734 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 977 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its holdings in shares of Onsemi by 2.2% during the third quarter. Tealwood Asset Management Inc. now owns 17,155 shares of the semiconductor company’s stock valued at $1,246,000 after purchasing an additional 363 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Onsemi

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now owns 840,620 shares in the company, valued at approximately $59,515,896. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the sale, the insider now owns 231,092 shares in the company, valued at $18,011,310.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Onsemi Trading Up 0.0 %

ON stock traded up $0.02 during trading on Friday, hitting $70.33. The company had a trading volume of 5,136,328 shares, compared to its average volume of 6,690,279. The firm has a market capitalization of $30.13 billion, a P/E ratio of 16.02, a PEG ratio of 3.81 and a beta of 1.65. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. Onsemi has a 52-week low of $59.34 and a 52-week high of $95.59. The company has a 50 day simple moving average of $72.06 and a 200-day simple moving average of $71.57.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Onsemi’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, research analysts forecast that Onsemi will post 4.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities increased their price objective on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Susquehanna lifted their price target on shares of Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. TD Cowen lifted their target price on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Roth Mkm boosted their price target on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.83.

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.