Insider Selling: Onsemi (NASDAQ:ON) Director Sells 911 Shares of Stock

Onsemi (NASDAQ:ON - Get Free Report) Director Paul Anthony Mascarenas sold 911 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the sale, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The sale was disclosed in a filing with the SEC, which is available through this link.

Onsemi Stock Up 0.2 %

ON stock traded up $0.17 during trading on Friday, reaching $73.17. 3,843,577 shares of the company traded hands, compared to its average volume of 7,297,324. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35. The business has a 50 day simple moving average of $71.10 and a 200 day simple moving average of $73.91. The company has a market capitalization of $31.48 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 3.39 and a beta of 1.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Onsemi will post 3.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onsemi

A number of institutional investors have recently added to or reduced their stakes in ON. Vanguard Group Inc. boosted its holdings in Onsemi by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company's stock worth $4,205,014,000 after acquiring an additional 321,682 shares in the last quarter. Capital World Investors purchased a new stake in shares of Onsemi during the fourth quarter worth about $697,276,000. Invesco Ltd. grew 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 worth $540,306,000 after acquiring an additional 1,200,723 shares during the last quarter. Norges Bank purchased a new stake in shares of Onsemi during the fourth quarter worth about $418,102,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Onsemi by 23.7% during the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company's stock worth $397,108,000 after acquiring an additional 817,237 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ON shares. B. Riley restated a "buy" rating and set a $103.00 price target (down previously from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. BNP Paribas restated an "underperform" rating and set a $55.00 price target on shares of Onsemi in a report on Friday, April 19th. Needham & Company LLC restated a "buy" rating and set a $92.00 price target on shares of Onsemi in a report on Tuesday, April 30th. Mizuho decreased their price target on Onsemi from $92.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, April 30th. Finally, Roth Mkm increased their price target on Onsemi from $75.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.