Onsemi (NASDAQ:ON) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in Onsemi (NASDAQ:ON) by 11.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,249 shares of the semiconductor company’s stock after purchasing an additional 432 shares during the quarter. Blair William & Co. IL’s holdings in Onsemi were worth $291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $697,276,000. Swedbank AB acquired a new stake in shares of Onsemi in the first quarter valued at approximately $90,274,000. American Century Companies Inc. boosted its holdings in shares of Onsemi by 451.3% in the second quarter. American Century Companies Inc. now owns 1,111,112 shares of the semiconductor company’s stock valued at $76,167,000 after acquiring an additional 909,558 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of 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. Finally, M&G Plc acquired a new stake in shares of Onsemi during the first quarter worth $57,900,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ON shares. JPMorgan Chase & Co. increased their price target on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. KeyCorp decreased their price target on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Susquehanna increased their price target on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. TD Cowen increased their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Rosenblatt Securities increased their price objective on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.61.

Insider Buying and Selling

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $18,011,310.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $18,011,310.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $70.80, for a total value of $106,200.00. Following the completion of the sale, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Onsemi Trading Up 1.5 %

Onsemi stock opened at $74.39 on Friday. The stock has a market cap of $32.00 billion, a PE ratio of 15.18, a P/E/G ratio of 3.74 and a beta of 1.66. The stock has a 50-day moving average price of $72.43 and a 200 day moving average price of $71.93. Onsemi has a 52 week low of $59.34 and a 52 week high of $95.67. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. Equities research 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.