Insider Selling: Onsemi (NASDAQ:ON) CEO Sells $106,500.00 in Stock

Onsemi (NASDAQ:ON) CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hassane El-Khoury also recently made the following trade(s):

• On Tuesday, October 15th, Hassane El-Khoury sold 1,500 shares of Onsemi stock. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00.
• On Monday, September 16th, Hassane El-Khoury sold 1,500 shares of Onsemi stock. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00.

Onsemi Price Performance

Shares of ON stock opened at $70.35 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The stock’s fifty day simple moving average is $70.23 and its 200 day simple moving average is $71.80. Onsemi has a one year low of $59.34 and a one year high of $86.77. The firm has a market cap of $29.96 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 7.54 and a beta of 1.65.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. On average, analysts expect that Onsemi will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Onsemi during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Onsemi in the third quarter worth $33,000. GHP Investment Advisors Inc. grew its holdings in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Onsemi in the second quarter valued at $43,000. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen cut their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. BNP Paribas lowered their target price on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Robert W. Baird upped their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Mizuho set a $85.00 price objective on Onsemi in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.87.

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.