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

Onsemi (NASDAQ:ON) CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $72.71, for a total value of $109,065.00.
• On Monday, September 16th, Hassane El-Khoury sold 1,500 shares of Onsemi stock. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00.

Onsemi Stock Down 0.7 %

ON stock opened at $70.35 on Friday. The business has a 50-day moving average of $70.23 and a 200-day moving average of $71.80. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $86.77. The stock has a market capitalization of $29.96 billion, a P/E ratio of 17.46, a P/E/G ratio of 7.54 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The business’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. On average, sell-side analysts anticipate that Onsemi will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ON. Truist Financial lowered their price target on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. KeyCorp dropped their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Mizuho set a $85.00 price target on Onsemi in a research report on Friday, October 18th. Morgan Stanley upped their price objective on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $85.87.

Institutional Investors Weigh In On Onsemi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its stake in shares of Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after purchasing an additional 18,450 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Onsemi by 690.2% during the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after acquiring an additional 88,496 shares in the last quarter. Comerica Bank lifted its stake in Onsemi by 21.1% in the first quarter. Comerica Bank now owns 98,781 shares of the semiconductor company’s stock valued at $7,265,000 after acquiring an additional 17,198 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Onsemi in the 2nd quarter valued at about $1,212,000. Finally, Brighton Jones LLC increased its stake in shares of Onsemi by 116.6% during the 3rd quarter. Brighton Jones LLC now owns 25,859 shares of the semiconductor company’s stock worth $1,878,000 after purchasing an additional 13,923 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.