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

Toronto Dominion Bank reduced its position in shares of Onsemi (NASDAQ:ON) by 30.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,828 shares of the semiconductor company’s stock after selling 73,566 shares during the period. Toronto Dominion Bank’s holdings in Onsemi were worth $12,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ON. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Onsemi during the 3rd quarter valued at approximately $33,000. GHP Investment Advisors Inc. grew its stake in 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 buying an additional 514 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Onsemi in the second quarter worth $43,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi in the third quarter valued at $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction 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 directly owns 840,620 shares of the company’s stock, valued at $59,515,896. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 4,500 shares of company stock valued at $321,765. 0.31% of the stock is owned by corporate insiders.

Onsemi Stock Down 1.7 %

ON stock opened at $65.96 on Friday. 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 firm has a market cap of $28.09 billion, a PE ratio of 16.37, a P/E/G ratio of 7.29 and a beta of 1.63. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The firm has a 50 day simple moving average of $69.45 and a 200 day simple moving average of $71.39.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Equities research analysts forecast that Onsemi will post 4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ON. Needham & Company LLC restated a “buy” rating and set a $87.00 price target on shares of Onsemi in a research report on Tuesday, November 19th. TD Cowen dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Loop Capital began coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Wells Fargo & Company initiated coverage on Onsemi in a research report on Friday, November 22nd. They issued an “overweight” rating and a $85.00 target price on the stock. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.87.

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.