Rep. Robert Bresnahan, Jr. Unloads Shares of Onsemi (NASDAQ:ON)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Onsemi NASDAQ: ON. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Onsemi stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Onsemi Stock Performance

ON traded down $0.25 on Monday, reaching $40.69. The stock had a trading volume of 8,996,207 shares, compared to its average volume of 7,113,091. The business's 50-day moving average price is $48.64 and its two-hundred day moving average price is $60.94. The company has a market cap of $17.15 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 12-month low of $39.37 and a 12-month high of $80.08. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

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Onsemi (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. Sell-side analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently made changes to their positions in ON. Norges Bank acquired a new stake in Onsemi in the 4th quarter valued at approximately $378,312,000. Bridgewater Associates LP raised its holdings in shares of Onsemi by 8,367.5% in the 3rd quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company's stock valued at $81,544,000 after buying an additional 1,109,778 shares during the period. Janus Henderson Group PLC lifted its stake in Onsemi by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after acquiring an additional 1,041,989 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Onsemi by 35.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock worth $247,226,000 after acquiring an additional 1,037,624 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Onsemi in the 4th quarter valued at about $62,426,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ON has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Onsemi from $77.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. UBS Group reduced their target price on Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Benchmark lowered their price target on Onsemi from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price objective on Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.50.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Onsemi Company 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.