Onsemi (NASDAQ:ON) Shares Sold by Commerce Bank

Commerce Bank lessened its holdings in shares of Onsemi (NASDAQ:ON) by 0.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,832 shares of the semiconductor company’s stock after selling 154 shares during the period. Commerce Bank’s holdings in Onsemi were worth $1,585,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ON. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the 3rd quarter worth $33,000. GHP Investment Advisors Inc. raised its holdings in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Onsemi in the second quarter valued at about $43,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s 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 sale, the chief executive officer now owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Onsemi Price Performance

ON stock opened at $69.62 on Friday. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The firm has a market capitalization of $29.64 billion, a P/E ratio of 17.28, a P/E/G ratio of 7.34 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The business’s 50-day moving average is $70.21 and its two-hundred day moving average is $71.79.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. Analysts anticipate that Onsemi will post 4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ON has been the topic of several recent analyst reports. Loop Capital assumed coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $87.00 price objective on shares of Onsemi in a report on Tuesday, November 19th. Wells Fargo & Company began coverage on Onsemi in a research note on Friday. They set an “overweight” rating and a $85.00 target price for the company. Mizuho set a $85.00 price target on Onsemi in a research note on Friday, October 18th. Finally, Morgan Stanley raised their price objective on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.87.

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.