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 company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at $61,018,959.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 16th, Hassane El-Khoury sold 1,500 shares of Onsemi stock. The shares were sold at an average price of $70.80, for a total value of $106,200.00.

Onsemi Stock Down 0.4 %

ON stock traded down $0.29 during trading on Wednesday, reaching $69.03. 7,268,979 shares of the stock were exchanged, compared to its average volume of 6,697,483. Onsemi has a twelve month low of $59.34 and a twelve month high of $92.86. The firm has a market cap of $29.70 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 3.81 and a beta of 1.65. The firm’s 50 day moving average is $72.15 and its 200 day moving average is $71.50. 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 (NASDAQ:ON) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. As a group, research analysts forecast that Onsemi will post 4.01 EPS for the current year.

Hedge Funds Weigh In On Onsemi

A number of institutional investors have recently added to or reduced their stakes in the business. Davis Investment Partners LLC boosted its position in shares of Onsemi by 0.8% during the third quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock valued at $1,224,000 after purchasing an additional 142 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Onsemi by 36.7% during the 2nd 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 in the last quarter. Covestor Ltd lifted its position in shares of Onsemi by 24.5% in the first quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 190 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after buying an additional 206 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in Onsemi by 4.4% in the 1st quarter. Greenleaf Trust now owns 5,331 shares of the semiconductor company’s stock valued at $392,000 after acquiring an additional 226 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ON has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Susquehanna increased their target price on shares of Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, Rosenblatt Securities lifted their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.83.

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.