GSA Capital Partners LLP Has $898,000 Stock Holdings in Onsemi (NASDAQ:ON)

GSA Capital Partners LLP trimmed its holdings in Onsemi (NASDAQ:ON) by 35.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,365 shares of the semiconductor company’s stock after selling 6,932 shares during the quarter. GSA Capital Partners LLP’s holdings in Onsemi were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Entropy Technologies LP acquired a new position in Onsemi during the 3rd quarter worth approximately $2,147,000. Apollon Wealth Management LLC raised its stake in Onsemi by 75.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company’s stock worth $773,000 after buying an additional 4,569 shares during the period. Ashton Thomas Securities LLC acquired a new position in Onsemi during the 3rd quarter worth approximately $33,000. Jensen Investment Management Inc. raised its stake in Onsemi by 20.1% during the 3rd quarter. Jensen Investment Management Inc. now owns 40,710 shares of the semiconductor company’s stock worth $2,956,000 after buying an additional 6,820 shares during the period. Finally, Sanctuary Wealth Management L.L.C. raised its stake in Onsemi by 5.0% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 23,166 shares of the semiconductor company’s stock worth $1,682,000 after buying an additional 1,100 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ON. JPMorgan Chase & Co. upped their price target on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Robert W. Baird upped their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Bank of America upped their price target on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Rosenblatt Securities reissued a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Truist Financial lowered their price objective on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.30.

Onsemi Trading Down 3.4 %

NASDAQ:ON opened at $64.76 on Friday. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $70.43 and its 200 day moving average is $71.87. The stock has a market capitalization of $27.57 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 7.34 and a beta of 1.65.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. The business’s revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. Sell-side analysts expect that Onsemi will post 4 earnings per share for the current year.

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.