Onsemi (NASDAQ:ON) Trading Up 3%

Onsemi (NASDAQ:ON)’s stock price was up 3% during trading on Tuesday . The stock traded as high as $71.80 and last traded at $71.27. Approximately 599,912 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 6,815,680 shares. The stock had previously closed at $69.18.

Analyst Ratings Changes

Several equities research analysts recently commented on ON shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Benchmark reduced their price target on shares of Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Jefferies Financial Group started coverage on shares of Onsemi in a research report on Monday, May 13th. They issued a “buy” rating and a $100.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $92.00 price target on shares of Onsemi in a research report on Thursday, June 13th. Finally, Morgan Stanley reduced their price target on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.28.

Onsemi Stock Down 0.3 %

The business’s 50 day moving average is $71.44 and its 200-day moving average is $74.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The firm has a market capitalization of $31.27 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 3.32 and a beta of 1.69.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $1.19 EPS. Onsemi’s revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Onsemi will post 3.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 sale, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

Several institutional investors have recently made changes to their positions in ON. Turtle Creek Wealth Advisors LLC bought a new position in Onsemi during the 4th quarter valued at about $32,000. Private Wealth Management Group LLC bought a new position in Onsemi during the 4th quarter valued at about $33,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi during the 4th quarter valued at about $33,000. Headinvest LLC bought a new position in Onsemi during the 3rd quarter valued at about $44,000. Finally, Planned Solutions Inc. bought a new position in Onsemi during the 4th quarter valued at about $46,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.