Hassane El-Khoury Sells 1,500 Shares of Onsemi (NASDAQ:ON) 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 transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 Trading Down 0.7 %

ON opened at $70.35 on Thursday. The stock has a market capitalization of $29.95 billion, a P/E ratio of 17.46, a P/E/G ratio of 7.76 and a beta of 1.65. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The firm’s fifty day simple moving average is $70.24 and its 200 day simple moving average is $71.81. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last issued its quarterly 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. The firm had revenue of $1.76 billion for 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 company’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. As a group, research analysts anticipate that Onsemi will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Onsemi in the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in Onsemi in the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. grew its stake in Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the 3rd quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 169 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ON shares. BNP Paribas dropped their price target on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Truist Financial dropped 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. Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Robert W. Baird upped their price objective on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Loop Capital began coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.