Onsemi (NASDAQ:ON) Shares Acquired by Regal Investment Advisors LLC

Regal Investment Advisors LLC increased its holdings in shares of Onsemi (NASDAQ:ON) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,213 shares of the semiconductor company’s stock after purchasing an additional 606 shares during the quarter. Regal Investment Advisors LLC’s holdings in Onsemi were worth $3,374,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ON. The Manufacturers Life Insurance Company lifted its stake in shares of Onsemi by 8.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 456,999 shares of the semiconductor company’s stock worth $38,188,000 after purchasing an additional 35,362 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Onsemi in the 1st quarter worth approximately $2,447,000. Assenagon Asset Management S.A. grew its position in Onsemi by 690.2% in the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock valued at $6,945,000 after acquiring an additional 88,496 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Onsemi during the first quarter valued at approximately $774,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Onsemi during the first quarter worth $808,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ON shares. Bank of America raised their price target on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. TD Cowen boosted their price target on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Susquehanna raised their price objective on Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Citigroup lowered Onsemi from a “buy” rating to a “neutral” rating and cut their target price for the company from $85.00 to $77.00 in a research report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.61.

Onsemi Trading Down 2.4 %

Shares of NASDAQ:ON opened at $72.61 on Tuesday. The company’s 50-day moving average price is $72.34 and its 200 day moving average price is $71.77. The company has a market cap of $31.10 billion, a PE ratio of 14.82, a P/E/G ratio of 3.78 and a beta of 1.66. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $95.64.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. Sell-side analysts anticipate that Onsemi will post 4.01 earnings per share for the current year.

Insider Activity

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

Onsemi 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.