Onsemi Sees Unusually High Options Volume (NASDAQ:ON)

Onsemi (NASDAQ:ON) saw some unusual options trading activity on Tuesday. Investors bought 24,502 call options on the company. This is an increase of 21% compared to the average volume of 20,321 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ON shares. Mizuho lowered their target price on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday. Robert W. Baird raised their price objective on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Stifel Nicolaus cut their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday. Wells Fargo & Company decreased their target price on Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC cut their price target on Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.16.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

A number of institutional investors have recently added to or reduced their stakes in ON. Greenleaf Trust boosted its position in Onsemi by 3.4% during the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 173 shares in the last quarter. Meridian Financial Partners LLC boosted its position in shares of Onsemi by 1.7% in the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after buying an additional 192 shares in the last quarter. Truvestments Capital LLC grew its stake in Onsemi by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 207 shares during the last quarter. Sentry Investment Management LLC grew its stake in Onsemi by 3.0% in the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after acquiring an additional 209 shares during the last quarter. Finally, CX Institutional increased its holdings in Onsemi by 5.2% during the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 4.4 %

ON opened at $50.06 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16. The stock has a market capitalization of $21.32 billion, a P/E ratio of 12.42, a P/E/G ratio of 10.27 and a beta of 1.61. The business has a 50 day simple moving average of $59.30 and a 200-day simple moving average of $67.06.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. On average, equities analysts anticipate that Onsemi will post 3.99 earnings per share for the current fiscal year.

About Onsemi

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.