Insider Selling: Onsemi (NASDAQ:ON) CEO Sells $106,500.00 in Stock

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

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 stock was sold at an average price of $72.71, for a total transaction of $109,065.00.
• 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 Stock Down 2.2 %

Shares of ON stock traded down $1.57 on Tuesday, reaching $70.82. 4,773,162 shares of the company were exchanged, compared to its average volume of 6,693,585. Onsemi has a one year low of $59.34 and a one year high of $86.77. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 7.47 and a beta of 1.65. The company has a 50-day moving average of $70.25 and a 200-day moving average of $71.81. 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 posted its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. Analysts anticipate that Onsemi will post 4 earnings per share for the current year.

Hedge Funds Weigh In On Onsemi

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Onsemi by 3.0% during the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after buying an additional 309,445 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Onsemi by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after purchasing an additional 665,633 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Onsemi by 26.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after purchasing an additional 729,081 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Onsemi by 14.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock valued at $215,518,000 after buying an additional 380,471 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Onsemi by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,404,589 shares of the semiconductor company’s stock worth $174,597,000 after purchasing an additional 31,889 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ON shares. KeyCorp decreased their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Mizuho set a $85.00 target price on Onsemi in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Truist Financial lowered their target price on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Robert W. Baird lifted their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.87.

About Onsemi

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.