Onsemi (NASDAQ:ON – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders bought 27,085 call options on the stock. This is an increase of 76% compared to the typical volume of 15,403 call options.
Insider Transactions at Onsemi
In other news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Institutional Investors Weigh In On Onsemi
A number of large investors have recently made changes to their positions in the stock. Integrated Advisors Network LLC grew its position in Onsemi by 1.7% in the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after acquiring an additional 164 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 169 shares during the period. Perigon Wealth Management LLC grew its position in Onsemi by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 177 shares during the period. STF Management LP grew its position in Onsemi by 2.5% in the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 178 shares during the period. Finally, Covestor Ltd grew its position in Onsemi by 24.5% in the first quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 190 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on ON
Onsemi Price Performance
Shares of Onsemi stock opened at $72.92 on Wednesday. The business has a 50 day simple moving average of $71.30 and a two-hundred day simple moving average of $74.11. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35. The stock has a market capitalization of $31.37 billion, a P/E ratio of 14.88, a PEG ratio of 3.12 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87.
Onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The business 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%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. As a group, analysts predict that Onsemi will post 3.83 EPS for the current fiscal year.
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.
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