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 dated Monday, September 16th. The shares were 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 directly owns 840,620 shares in the company, valued at $59,515,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Onsemi Price Performance

Shares of ON traded up $1.05 during mid-day trading on Tuesday, reaching $71.42. The company had a trading volume of 2,710,797 shares, compared to its average volume of 6,834,676. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 3.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. The company’s 50 day simple moving average is $73.17 and its 200 day simple moving average is $72.35. Onsemi has a 1-year low of $59.34 and a 1-year high of $95.69.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Analysts expect that Onsemi will post 4.01 EPS for the current year.

Institutional Investors Weigh In On Onsemi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. grew 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 worth $41,000 after acquiring an additional 550 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Onsemi by 36.7% in 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. International Assets Investment Management LLC acquired a new stake in Onsemi in the second quarter valued at $43,000. Fidelis Capital Partners LLC bought a new position in Onsemi during the 1st quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new position in Onsemi during the 2nd quarter worth about $53,000. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ON. Susquehanna increased their price target on shares of Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a report on Thursday, June 13th. Finally, Benchmark raised their price target 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. 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.com, the company presently has an average rating of “Hold” and an average target price 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.