Onsemi (NASDAQ:ON) Shares Purchased by Regal Investment Advisors LLC

Regal Investment Advisors LLC raised its position in Onsemi (NASDAQ:ON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,213 shares of the semiconductor company’s stock after acquiring an additional 606 shares during the quarter. Regal Investment Advisors LLC’s holdings in Onsemi were worth $3,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Onsemi by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company’s stock valued at $4,205,014,000 after purchasing an additional 321,682 shares during the period. Capital World Investors purchased a new position in shares of Onsemi in the 4th quarter valued at about $697,276,000. Dimensional Fund Advisors LP grew its position in shares of Onsemi by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after buying an additional 665,633 shares in the last quarter. Capital International Investors increased its stake in shares of Onsemi by 1.0% during the first quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after buying an additional 42,117 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Onsemi by 7.9% in the second quarter. Van ECK Associates Corp now owns 2,765,975 shares of the semiconductor company’s stock valued at $189,608,000 after acquiring an additional 201,852 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Onsemi

In other Onsemi 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 value of $106,200.00. Following the transaction, the chief executive officer now directly owns 840,620 shares in the company, valued at approximately $59,515,896. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on 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 completion of the sale, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $106,200.00. Following the completion of the transaction, the chief executive officer now owns 840,620 shares of the company’s stock, valued at $59,515,896. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ON. Rosenblatt Securities increased their target price on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. KeyCorp cut their target price on Onsemi from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. TD Cowen raised 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, Bank of America upped their target price on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Three 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.61.

Onsemi Stock Down 2.4 %

ON stock opened at $72.61 on Tuesday. The company’s 50-day moving average price is $72.34 and its 200 day moving average price is $71.77. The company has a market cap of $31.10 billion, a P/E ratio of 14.82, a P/E/G ratio of 3.78 and a beta of 1.66. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. Onsemi has a 52 week low of $59.34 and a 52 week high of $95.64.

Onsemi (NASDAQ:ON) last released its quarterly 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. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The business’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 EPS. On average, research analysts expect that Onsemi will post 4.01 earnings per share for the current fiscal year.

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.