Johnson Financial Group Inc. Invests $303,000 in Onsemi (NASDAQ:ON)

Johnson Financial Group Inc. acquired a new position in Onsemi (NASDAQ:ON) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,628 shares of the semiconductor company’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Provence Wealth Management Group purchased a new stake in shares of Onsemi in the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter worth $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter worth $33,000. Private Wealth Management Group LLC purchased a new stake in shares of Onsemi in the fourth quarter worth $33,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Onsemi in the third quarter worth $38,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Onsemi

In related news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now owns 48,929 shares in the company, valued at approximately $3,643,253.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ON shares. Rosenblatt Securities reduced their price objective on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $92.00 target price on shares of Onsemi in a research report on Tuesday, April 30th. Evercore ISI began coverage on shares of Onsemi in a research report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus dropped their target price on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.28.

Onsemi Trading Up 1.3 %

Shares of ON stock traded up $0.91 during trading hours on Friday, reaching $72.56. 5,172,367 shares of the stock were exchanged, compared to its average volume of 6,723,057. 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. The company’s 50-day moving average price is $70.41 and its 200-day moving average price is $74.29. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 3.31 and a beta of 1.78.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $1.19 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Onsemi will post 3.83 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.