MBB Public Markets I LLC Invests $3.50 Million in Onsemi (NASDAQ:ON)

MBB Public Markets I LLC purchased a new stake in shares of Onsemi (NASDAQ:ON) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 51,000 shares of the semiconductor company’s stock, valued at approximately $3,496,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 321,682 shares during the period. Capital World Investors bought a new stake in shares of Onsemi in the fourth quarter worth $697,276,000. Dimensional Fund Advisors LP grew its holdings in shares of Onsemi by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after acquiring an additional 665,633 shares during the period. Capital International Investors increased its position in Onsemi by 1.0% during the first quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock valued at $302,070,000 after acquiring an additional 42,117 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in Onsemi by 35.6% in the fourth quarter. Rafferty Asset Management LLC now owns 2,989,554 shares of the semiconductor company’s stock valued at $249,717,000 after acquiring an additional 785,305 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ON has been the subject of a number of recent research reports. KeyCorp cut their price target on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Morgan Stanley cut shares of Onsemi from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $70.00 to $65.00 in a report on Thursday, July 11th. Roth Mkm increased their price target on shares of Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Susquehanna boosted their price objective on shares of Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.61.

Insider Transactions at Onsemi

In other news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total value of $106,200.00. Following the completion of the transaction, the chief executive officer now owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares in the company, valued at $18,011,310.48. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Onsemi Trading Up 1.5 %

Onsemi stock opened at $74.39 on Friday. Onsemi has a 1 year low of $59.34 and a 1 year high of $95.67. The firm’s 50 day moving average price is $72.43 and its 200-day moving average price is $71.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. The stock has a market cap of $32.00 billion, a P/E ratio of 15.18, a PEG ratio of 3.74 and a beta of 1.66.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $1.33 EPS. Onsemi’s revenue for the quarter was down 17.2% compared to the same quarter last year. On average, equities analysts predict that Onsemi will post 4.01 earnings per share 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.