Insider Selling: Onsemi (NASDAQ:ON) CEO Sells 1,500 Shares of Stock

Onsemi (NASDAQ:ON) CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 840,620 shares in the company, valued at approximately $59,515,896. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Onsemi Stock Up 1.5 %

Shares of ON stock traded up $1.05 on Tuesday, hitting $71.42. The stock had a trading volume of 2,710,797 shares, compared to its average volume of 6,834,676. Onsemi has a 12-month low of $59.34 and a 12-month high of $95.69. The stock has a market cap of $30.59 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 3.72 and a beta of 1.66. The business has a 50 day moving average of $73.17 and a 200 day moving average of $72.35. 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 (NASDAQ:ON) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.74 billion for 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 company’s revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. As a group, analysts expect that Onsemi will post 4.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ON. Needham & Company LLC restated a “buy” rating and issued a $92.00 target price on shares of Onsemi in a report on Thursday, June 13th. StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Benchmark boosted their price target on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Bank of America increased their price target on 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.61.

Institutional Investors Weigh In On Onsemi

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in Onsemi in the second quarter valued at approximately $4,360,000. Regal Investment Advisors LLC grew its stake in shares of Onsemi by 1.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 49,213 shares of the semiconductor company’s stock worth $3,374,000 after acquiring an additional 606 shares during the period. Second Line Capital LLC bought a new position in shares of Onsemi during the 2nd quarter worth $2,203,000. NewEdge Advisors LLC increased its holdings in Onsemi by 5.9% in the 2nd quarter. NewEdge Advisors LLC now owns 26,674 shares of the semiconductor company’s stock worth $1,829,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Creative Planning raised its stake in Onsemi by 11.2% in the 2nd quarter. Creative Planning now owns 21,991 shares of the semiconductor company’s stock valued at $1,507,000 after acquiring an additional 2,215 shares during the period. 97.70% of the stock is currently owned by institutional investors.

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.