Insider Selling: Onsemi (NASDAQ:ON) Director Sells 911 Shares of Stock

Onsemi (NASDAQ:ONGet Free Report) Director Paul Anthony Mascarenas sold 911 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the sale, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Onsemi Stock Performance

Shares of ON stock opened at $73.17 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The company’s 50 day moving average price is $70.98 and its two-hundred day moving average price is $74.04. The company has a market capitalization of $31.48 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 3.32 and a beta of 1.78.

Onsemi (NASDAQ:ONGet Free Report) last released its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. On average, analysts expect that Onsemi will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of a number of research analyst reports. KeyCorp decreased their price target on Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Morgan Stanley decreased their target price on Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Rosenblatt Securities cut their price target on Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Wells Fargo & Company decreased their price objective on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.28.

Read Our Latest Stock Analysis on Onsemi

Institutional Investors Weigh In On Onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors acquired a new position in shares of Onsemi during the 4th quarter worth about $697,276,000. Norges Bank acquired a new position in shares of Onsemi during the 4th quarter worth approximately $418,102,000. Invesco Ltd. lifted its holdings in Onsemi by 26.0% during the 3rd quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock valued at $540,306,000 after purchasing an additional 1,200,723 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Onsemi by 55.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,335,975 shares of the semiconductor company’s stock worth $195,124,000 after purchasing an additional 828,944 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Onsemi by 23.7% in the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock valued at $397,108,000 after purchasing an additional 817,237 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

About Onsemi

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Onsemi (NASDAQ:ON)

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