Louisiana State Employees Retirement System Sells 2,800 Shares of Onsemi (NASDAQ:ON)

Louisiana State Employees Retirement System trimmed its position in Onsemi (NASDAQ:ON) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,000 shares of the semiconductor company’s stock after selling 2,800 shares during the period. Louisiana State Employees Retirement System’s holdings in Onsemi were worth $3,405,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Onsemi in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi in the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. raised its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi during the 3rd quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the 4th quarter valued at $41,000. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ON has been the topic of several research reports. Citigroup lowered their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho lowered their price objective on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday. Jefferies Financial Group lowered their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley lowered their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, UBS Group lowered their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Two investment 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’s stock. Based on data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $68.16.

Onsemi Price Performance

ON stock opened at $50.92 on Friday. The firm’s 50-day moving average price is $59.01 and its two-hundred day moving average price is $66.95. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 10.27 and a beta of 1.61. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. As a group, equities analysts predict that Onsemi will post 3.99 earnings per share for the current year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

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.