Capital Insight Partners LLC Has $3.94 Million Holdings in Onsemi (NASDAQ:ON)

Capital Insight Partners LLC decreased its position in shares of Onsemi (NASDAQ:ON) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 57,477 shares of the semiconductor company’s stock after selling 256 shares during the period. Capital Insight Partners LLC’s holdings in Onsemi were worth $3,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors acquired a new position in shares of Onsemi during the fourth quarter worth $697,276,000. Norges Bank bought a new stake in shares of Onsemi in the 4th quarter valued at about $418,102,000. Swedbank AB acquired a new stake in shares of Onsemi in the first quarter valued at about $90,274,000. Rafferty Asset Management LLC raised its position in shares of Onsemi by 35.6% during the fourth quarter. Rafferty Asset Management LLC now owns 2,989,554 shares of the semiconductor company’s stock worth $249,717,000 after acquiring an additional 785,305 shares during the last quarter. Finally, M&G Plc bought a new stake in Onsemi in the first quarter valued at approximately $57,900,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the sale, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares in the company, valued at approximately $18,011,310.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 38,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Onsemi Stock Up 4.1 %

ON traded up $2.99 during midday trading on Friday, reaching $76.36. 5,685,524 shares of the company were exchanged, compared to its average volume of 6,961,993. The company has a market cap of $32.71 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 4.07 and a beta of 1.69. Onsemi has a one year low of $59.34 and a one year high of $101.30. The company’s fifty day moving average price is $72.53 and its 200 day moving average price is $73.13. 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 announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. Onsemi’s revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. As a group, analysts expect that Onsemi will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ON. TD Cowen increased their price objective on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Roth Mkm boosted their price objective on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. B. Riley reaffirmed a “buy” rating and set a $103.00 target price (down previously from $115.00) on shares of Onsemi in a research note on Tuesday, April 30th. Citigroup lowered Onsemi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $77.00 in a research note on Monday, July 15th. Finally, Truist Financial raised their price objective on shares of Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

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.