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

Onsemi (NASDAQ:ON) CEO Hassane El-Khoury sold 1,500 shares of the business’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 of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. 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 shares were 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 shares were sold at an average price of $70.80, for a total transaction of $106,200.00.

Onsemi Stock Performance

Onsemi stock opened at $70.82 on Wednesday. The business has a 50 day moving average of $70.25 and a 200-day moving average of $71.81. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company has a market capitalization of $30.16 billion, a P/E ratio of 17.57, a P/E/G ratio of 7.76 and a beta of 1.65.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The firm’s revenue was down 19.2% compared to the same quarter last year. On average, equities research analysts predict that Onsemi will post 4 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ON shares. Morgan Stanley boosted their target price on shares of Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price objective on shares of Onsemi in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped 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. Finally, StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.87.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Davis Investment Partners LLC increased its position in Onsemi by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock valued at $1,224,000 after purchasing an additional 142 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares during the period. Greenleaf Trust increased its position in Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 173 shares during the period. Meridian Financial Partners LLC increased its position in Onsemi by 1.7% during the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after purchasing an additional 192 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock worth $350,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.