AlphaMark Advisors LLC Lowers Position in Onsemi (NASDAQ:ON)

AlphaMark Advisors LLC reduced its stake in Onsemi (NASDAQ:ON) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 9,061 shares of the semiconductor company’s stock after selling 479 shares during the period. AlphaMark Advisors LLC’s holdings in Onsemi were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ON. Westside Investment Management Inc. increased its holdings in Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 550 shares during the period. Massmutual Trust Co. FSB ADV increased its stake 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 valued at $43,000 after buying an additional 169 shares during the period. International Assets Investment Management LLC bought a new position in shares of Onsemi during the second quarter valued at approximately $43,000. Fidelis Capital Partners LLC purchased a new stake in Onsemi in the first quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new stake in Onsemi in the second quarter valued at $53,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ON shares. Benchmark raised their target price on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of Onsemi from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. KeyCorp decreased their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. TD Cowen boosted their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Bank of America raised their price objective on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.83.

Insider Buying and Selling at Onsemi

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the transaction, the insider now directly owns 231,092 shares in the company, valued at $18,011,310.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Simon Keeton sold 30,939 shares of the company’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 completion of the transaction, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,939 shares of company stock valued at $2,626,651. Company insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

ON opened at $69.24 on Friday. Onsemi has a 12-month low of $59.34 and a 12-month high of $90.60. The company has a market cap of $29.79 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 3.81 and a beta of 1.65. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $72.14 and its 200 day moving average is $71.46.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion for 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 company’s revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. On average, equities research analysts predict that Onsemi will post 4.01 EPS for the current year.

Onsemi 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.