AlphaMark Advisors LLC Has $658,000 Stake in Onsemi (NASDAQ:ON)

by · The Cerbat Gem

AlphaMark Advisors LLC reduced its position in shares of Onsemi (NASDAQ:ON – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,061 shares of the semiconductor company’s stock after selling 479 shares during the period. AlphaMark Advisors LLC’s holdings in Onsemi were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its holdings in Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after acquiring 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 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Onsemi during the 2nd quarter worth $43,000. Fidelis Capital Partners LLC bought a new stake in shares of Onsemi during the 1st quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Onsemi in the second quarter valued at about $53,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Up 0.3 %

Shares of NASDAQ:ON opened at $69.24 on Friday. Onsemi has a 1 year low of $59.34 and a 1 year high of $90.60. The company has a market capitalization of $29.79 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 3.81 and a beta of 1.65. The business has a fifty day moving average price of $72.14 and a two-hundred day moving average price of $71.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95.

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

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated 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 directly owns 840,620 shares of the company’s stock, valued at $59,515,896. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction 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 directly owns 840,620 shares in the company, valued at approximately $59,515,896. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,939 shares of company stock valued at $2,626,651. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ON. StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. Benchmark lifted their price objective on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. KeyCorp lowered their price target on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Citigroup lowered shares of Onsemi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $77.00 in a research note on Monday, July 15th. Finally, Rosenblatt Securities lifted their target price on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.83.

Get Our Latest Stock Report on Onsemi

About Onsemi

(Free Report)

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.

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