Rhumbline Advisers Buys 2,475 Shares of Onsemi (NASDAQ:ON)

Rhumbline Advisers boosted its stake in Onsemi (NASDAQ:ON – Free Report) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). . The institutional investor owned 848,533 shares of the semiconductor company’s stock after buying an additional 2,475 shares during the quarter. Rhumbline Advisers owned about 0.20% of Onsemi worth $58,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new stake in shares of Onsemi during the 4th quarter worth about $33,000. Westside Investment Management Inc. raised its stake in Onsemi by 5,500.0% in the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 550 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 169 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Onsemi in the second quarter valued at $43,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Onsemi in the first quarter worth $45,000. 97.70% of shares are owned by institutional investors and hedge funds.

Indoor activity

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other Onsemi news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value 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. Corporate insiders own 0.31% of the company’s shares.

Onsemi stock down 0.3%

Shares of NASDAQ ON opened at $70.53 on Thursday. Onsemi has a 12-month low of $59.34 and a 12-month high of $101.30. The company has a quick ratio of 1.95, a current ratio of 3.01, and a debt-to-equity ratio of 0.31. The firm has a market cap of $30.34 billion, a PE ratio of 14.39, a P/E/G ratio of 4.18 and a beta of 1.66. The company’s fifty-day simple moving average is $73.46, and its 200-day simple moving average is $72.83.

Onsemi (NASDAQ:ON – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted EPS of $1.33. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Onsemi will post 4.01 earnings per share for the current fiscal year.

Analysts set new price targets

A number of research analysts have issued reports on ON shares. TD Cowen lifted their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Roth Mkm boosted their price objective 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. Bank of America boosted their target price on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Benchmark boosted their target price on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.61, according to MarketBeat.com.

Get the latest Onsemi report

Onsemi Company Profile

(Free Report)

onsemi is engaged in disruptive innovation and is also a supplier of power and analog semiconductors. The firm provides vehicle electrification and safety, sustainable energy networks, industrial automation and 5G and cloud infrastructure with a focus on the automotive and industrial end markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group and Intelligent Sensing Group.

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