Onsemi (NASDAQ:ON – Get Free Report) CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total value of $106,200.00. Following the completion of the sale, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Onsemi Price Performance
NASDAQ ON opened at $70.64 on Thursday. The company has a 50-day moving average price of $73.13 and a 200-day moving average price of $72.29. Onsemi has a 52 week low of $59.34 and a 52 week high of $95.69. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $30.39 billion, a P/E ratio of 14.42, a PEG ratio of 3.72 and a beta of 1.66.
Onsemi (NASDAQ:ON – Get Free Report) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The firm’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. Equities research analysts anticipate that Onsemi will post 4.01 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price target on shares of Onsemi in a research note on Thursday, June 13th. Truist Financial upped their target price on shares of Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Benchmark increased their price target on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley downgraded Onsemi from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $70.00 to $65.00 in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Onsemi currently has an average rating of “Hold” and a consensus price target of $85.61.
View Our Latest Research Report on ON
About Onsemi
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.
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