Hassane El-Khoury Sells 1,500 Shares of Onsemi (NASDAQ:ON) Stock

Onsemi (NASDAQ:ON) 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) 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

Several institutional investors have recently made changes to their positions in ON. Integrated Advisors Network LLC lifted its holdings in Onsemi by 1.7% during the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock valued at $811,000 after purchasing an additional 164 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the period. STF Management LP boosted its stake in shares of Onsemi by 2.5% in the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 178 shares during the period. Covestor Ltd grew its position in shares of Onsemi by 24.5% during the first quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 190 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Onsemi by 2.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,539 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 213 shares during the period. Institutional investors own 97.70% of the company’s stock.

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.

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.