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Corebridge Financial cut its Onsemi holdings by 5.2%, amid the chipmaker missing earnings estimates.
Corebridge Financial Inc. reduced its holdings in semiconductor company Onsemi by 5.2%, now owning 128,506 shares valued at $8,102,000.
Onsemi, which provides semiconductors for automotive and industrial markets, reported earnings per share of $0.95 for the quarter, missing analyst estimates by $0.03.
The company has a "Moderate Buy" consensus rating and an average price target of $66.50.
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Corebridge Financial redujo sus participaciones en Onsemi en un 5,2%, en medio de las estimaciones de ganancias perdidas por el fabricante de chips.