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 that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was 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 Stock Down 0.7 %

ON opened at $70.35 on Thursday. 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 company’s 50-day moving average is $70.24 and its 200 day moving average is $71.81. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $86.77. The firm has a market capitalization of $29.95 billion, a P/E ratio of 17.46, a PEG ratio of 7.76 and a beta of 1.65.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on ON shares. Wells Fargo & Company started coverage on shares of Onsemi in a report on Friday, November 22nd. They set an “overweight” rating and a $85.00 price target for the company. Morgan Stanley upped their price target on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Truist Financial dropped their price objective on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. BNP Paribas dropped their price objective on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Finally, Loop Capital initiated coverage on shares of Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $85.87.

Institutional Trading of Onsemi

Several hedge funds have recently added to or reduced their stakes in ON. Capital Performance Advisors LLP bought a new stake in Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi in the third quarter worth about $33,000. GHP Investment Advisors Inc. raised its position in Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the period. Massmutual Trust Co. FSB ADV increased 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 in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Onsemi in the second quarter worth about $43,000. Institutional investors own 97.70% of the company’s stock.

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.