Vanguard Personalized Indexing Management LLC Acquires 1,261 Shares of Onsemi (NASDAQ:ON)

Vanguard Personalized Indexing Management LLC boosted its holdings in Onsemi (NASDAQ:ON) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,625 shares of the semiconductor company’s stock after acquiring an additional 1,261 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Onsemi were worth $2,716,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in shares of Onsemi by 8.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 456,999 shares of the semiconductor company’s stock worth $38,188,000 after buying an additional 35,362 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Onsemi during the 1st quarter worth approximately $2,447,000. Assenagon Asset Management S.A. lifted its position in shares of Onsemi by 690.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after buying an additional 88,496 shares in the last quarter. Norden Group LLC bought a new position in shares of Onsemi during the 1st quarter worth approximately $774,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of Onsemi during the 1st quarter worth approximately $808,000. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $59,515,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now directly owns 840,620 shares of the company’s stock, valued at $59,515,896. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the transaction, the insider now directly owns 231,092 shares of the company’s stock, valued at $18,011,310.48. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Onsemi Stock Down 5.2 %

ON opened at $69.57 on Friday. The company has a fifty day moving average price of $72.99 and a 200-day moving average price of $72.28. The firm has a market capitalization of $29.80 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 3.77 and a beta of 1.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. Onsemi has a one year low of $59.34 and a one year high of $95.67.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. Equities research analysts expect that Onsemi will post 4.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ON shares. JPMorgan Chase & Co. lifted their target price on shares of Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley cut shares of Onsemi from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $70.00 to $65.00 in a report on Thursday, July 11th. Truist Financial lifted their price target on shares of Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price target on shares of Onsemi in a report on Thursday, June 13th. Finally, Bank of America lifted their price target on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.61.

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.