Hassane El-Khoury Sells 1,500 Shares of Onsemi (NASDAQ:ON) Stock

Onsemi (NASDAQ:ON) CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated 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 sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 stock was sold at an average price of $70.80, for a total transaction of $106,200.00.

Onsemi Trading Down 0.4 %

NASDAQ:ON traded down $0.29 on Wednesday, hitting $69.03. 7,268,979 shares of the stock were exchanged, compared to its average volume of 6,697,483. The company’s 50-day moving average price is $72.15 and its 200 day moving average price is $71.50. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.81 and a beta of 1.65. Onsemi has a 52 week low of $59.34 and a 52 week high of $92.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data 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. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $1.33 EPS. Onsemi’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, equities research analysts forecast that Onsemi will post 4.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on ON. KeyCorp lowered their price objective on Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Benchmark lifted their target price on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Roth Mkm boosted their target price on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Bank of America increased their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Susquehanna boosted their price target on shares of Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.83.

Institutional Investors Weigh In On Onsemi

Several large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. grew its stake in shares of Onsemi by 5,500.0% in the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 550 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Onsemi in the 2nd quarter valued at about $43,000. Fidelis Capital Partners LLC acquired a new position in shares of Onsemi in the 1st quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Onsemi in the 2nd quarter worth about $53,000. Institutional investors and hedge funds 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.