Onsemi (NASDAQ:ON) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of Onsemi (NASDAQ:ON) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,890 shares of the semiconductor company’s stock after selling 14,286 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Onsemi were worth $13,355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi during the fourth quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi during the fourth quarter valued at about $33,000. Private Wealth Management Group LLC bought a new stake in Onsemi in the fourth quarter worth about $33,000. Westside Investment Management Inc. boosted its position in shares of Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 550 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Onsemi in the 1st quarter worth approximately $45,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on ON shares. StockNews.com cut shares of Onsemi from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 23rd. B. Riley restated a “buy” rating and issued a $103.00 target price (down previously from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. The Goldman Sachs Group lowered their price target on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Benchmark increased their price objective on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.61.

Onsemi Stock Performance

Onsemi stock traded down $3.95 during trading hours on Friday, hitting $67.95. The stock had a trading volume of 11,552,915 shares, compared to its average volume of 8,036,488. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $104.87. The company has a market cap of $29.23 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 3.12 and a beta of 1.69. The company has a 50-day moving average of $72.60 and a two-hundred day moving average of $73.18. The company has a quick ratio of 1.87, a current ratio of 3.01 and a debt-to-equity ratio of 0.31.

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

Insider Buying and Selling at Onsemi

In other news, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,643,253.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,850 shares of company stock worth $5,236,119. 0.31% of the stock is currently owned by corporate insiders.

Onsemi 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.