Paul Anthony Mascarenas Sells 911 Shares of Onsemi (NASDAQ:ON) Stock

Onsemi (NASDAQ:ONGet Free Report) Director Paul Anthony Mascarenas sold 911 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Onsemi Stock Performance

Onsemi stock opened at $73.17 on Friday. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $70.98 and a 200-day moving average of $74.04. The stock has a market cap of $31.48 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 3.32 and a beta of 1.78. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. Onsemi’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. On average, analysts expect that Onsemi will post 3.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on ON shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. BNP Paribas reaffirmed an “underperform” rating and issued a $55.00 target price on shares of Onsemi in a research report on Friday, April 19th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Truist Financial cut their price objective on Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Susquehanna decreased their target price on Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.28.

Check Out Our Latest Report on ON

Institutional Investors Weigh In On Onsemi

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Onsemi by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company’s stock worth $4,205,014,000 after buying an additional 321,682 shares in the last quarter. Capital World Investors acquired a new position in shares of Onsemi during the fourth quarter valued at $697,276,000. Invesco Ltd. raised its stake in shares of Onsemi by 26.0% during the third quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock valued at $540,306,000 after purchasing an additional 1,200,723 shares in the last quarter. Norges Bank bought a new stake in shares of Onsemi during the fourth quarter valued at about $418,102,000. Finally, Ameriprise Financial Inc. lifted its holdings in Onsemi by 23.7% in the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock worth $397,108,000 after purchasing an additional 817,237 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Onsemi (NASDAQ:ON)

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