Moody National Bank Trust Division Invests $205,000 in ON Semiconductor Corp (NASDAQ:ON)

Moody National Bank Trust Division bought a new position in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,074 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new position in ON Semiconductor during the first quarter worth approximately $25,000. IronBridge Private Wealth LLC purchased a new position in shares of ON Semiconductor in the 4th quarter valued at approximately $27,000. IndexIQ Advisors LLC purchased a new position in shares of ON Semiconductor in the 1st quarter valued at approximately $40,000. Johnson Financial Group Inc. purchased a new position in shares of ON Semiconductor in the 4th quarter valued at approximately $44,000. Finally, CVA Family Office LLC grew its stake in shares of ON Semiconductor by 222.2% in the 1st quarter. CVA Family Office LLC now owns 725 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, EVP Simon Keeton sold 4,550 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $75.00, for a total transaction of $341,250.00. Following the completion of the sale, the executive vice president now owns 162,791 shares of the company’s stock, valued at $12,209,325. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other ON Semiconductor news, EVP Simon Keeton sold 4,550 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $75.00, for a total transaction of $341,250.00. Following the completion of the sale, the executive vice president now owns 162,791 shares of the company’s stock, valued at $12,209,325. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $56.17, for a total value of $1,123,400.00. Following the sale, the chief executive officer now directly owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,363 shares of company stock worth $1,661,560. 0.40% of the stock is currently owned by insiders.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $68.48 on Wednesday. The firm has a market capitalization of $29.67 billion, a P/E ratio of 17.74, a PEG ratio of 0.53 and a beta of 1.80. The stock has a fifty day moving average price of $66.44 and a 200 day moving average price of $59.80. ON Semiconductor Corp has a 52 week low of $41.88 and a 52 week high of $76.78. The company has a current ratio of 2.79, a quick ratio of 1.88 and a debt-to-equity ratio of 0.56.

ON Semiconductor (NASDAQ:ONGet Rating) last released its earnings results on Monday, August 1st. The semiconductor company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. ON Semiconductor had a return on equity of 41.43% and a net margin of 22.60%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. Equities research analysts anticipate that ON Semiconductor Corp will post 5.12 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ON. Stifel Nicolaus lifted their target price on ON Semiconductor from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Monday, August 15th. Piper Sandler lifted their target price on ON Semiconductor from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 15th. Cowen lifted their price target on ON Semiconductor from $65.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Susquehanna Bancshares lifted their price target on ON Semiconductor from $77.00 to $82.00 and gave the company a “positive” rating in a research note on Tuesday, August 2nd. Finally, Citigroup lifted their price target on ON Semiconductor from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.30.

ON Semiconductor Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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