Onsemi (NASDAQ:ON) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Onsemi (NASDAQ:ON) by 59.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 241,394 shares of the semiconductor company’s stock after acquiring an additional 90,293 shares during the quarter. Toronto Dominion Bank’s holdings in Onsemi were worth $16,548,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Onsemi by 0.6% during the fourth 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 acquired a new position in Onsemi in the fourth quarter valued at $697,276,000. Dimensional Fund Advisors LP grew its position in Onsemi by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock valued at $289,088,000 after acquiring an additional 665,633 shares during the period. Capital International Investors increased its stake in Onsemi by 1.0% during the first quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after acquiring an additional 42,117 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Onsemi by 35.6% in the 4th quarter. Rafferty Asset Management LLC now owns 2,989,554 shares of the semiconductor company’s stock worth $249,717,000 after purchasing an additional 785,305 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 840,620 shares in the company, valued at approximately $59,515,896. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Simon Keeton sold 30,939 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now owns 231,092 shares in the company, valued at $18,011,310.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on 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 $59,515,896. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Onsemi Stock Up 5.3 %

Shares of NASDAQ:ON opened at $73.32 on Friday. The firm has a market cap of $31.41 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 3.74 and a beta of 1.66. The company has a fifty day simple moving average of $72.39 and a 200 day simple moving average of $71.98. 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 has a 12-month low of $59.34 and a 12-month high of $95.67.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. The company’s revenue was down 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Onsemi will post 4.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ON. Deutsche Bank Aktiengesellschaft boosted their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Bank of America increased their price objective on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. KeyCorp reduced their target price on shares of Onsemi from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Citigroup cut shares of Onsemi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $77.00 in a research report on Monday, July 15th. Finally, Rosenblatt Securities boosted their price objective on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three 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’s stock. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Hold” and an average price target of $85.61.

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.