Mutual of America Capital Management LLC Sells 1,773 Shares of Onsemi (NASDAQ:ON)

Mutual of America Capital Management LLC lowered its stake in shares of Onsemi (NASDAQ:ON) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,254 shares of the semiconductor company’s stock after selling 1,773 shares during the period. Mutual of America Capital Management LLC’s holdings in Onsemi were worth $3,719,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Integrated Advisors Network LLC increased its position in Onsemi by 1.7% during the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after buying an additional 164 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 169 shares during the last quarter. Covestor Ltd raised its stake in Onsemi by 24.5% in the 1st quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 190 shares during the period. Greenleaf Trust lifted its holdings in Onsemi by 4.4% during the 1st quarter. Greenleaf Trust now owns 5,331 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 226 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Onsemi by 4.2% during the first quarter. EP Wealth Advisors LLC now owns 5,864 shares of the semiconductor company’s stock worth $431,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Down 5.2 %

Shares of ON stock opened at $69.57 on Monday. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $95.67. The stock’s fifty day moving average price is $72.85 and its two-hundred day moving average price is $72.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. The company has a market cap of $29.80 billion, a PE ratio of 14.20, a P/E/G ratio of 3.77 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

ON has been the topic of several research analyst reports. Benchmark increased their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Susquehanna raised their price objective on shares of Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. upped their target price on Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. KeyCorp dropped their price target on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Rosenblatt Securities upped their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Onsemi has a consensus rating of “Hold” and a consensus target price of $85.61.

Insider Activity at Onsemi

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

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.