Oppenheimer & Co. Inc. Sells 1,453 Shares of Onsemi (NASDAQ:ON)

Oppenheimer & Co. Inc. cut its holdings in Onsemi (NASDAQ:ON) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,221 shares of the semiconductor company’s stock after selling 1,453 shares during the period. Oppenheimer & Co. Inc.’s holdings in Onsemi were worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ON. Nordea Investment Management AB lifted its position in shares of Onsemi by 25.9% during the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after acquiring an additional 82,614 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after purchasing an additional 18,450 shares during the period. Cinctive Capital Management LP purchased a new stake in Onsemi during the 3rd quarter worth about $1,270,000. Blue Trust Inc. lifted its holdings in Onsemi by 16.1% during the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in Onsemi in the 4th quarter worth about $515,000. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Performance

Onsemi stock opened at $44.91 on Tuesday. The firm has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $65.35. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a twelve month low of $44.67 and a twelve month high of $85.16. The company has a market capitalization of $18.93 billion, a PE ratio of 12.37, a P/E/G ratio of 16.74 and a beta of 1.61.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Research analysts expect that Onsemi will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

ON has been the topic of several analyst reports. Benchmark decreased their price target on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. KeyCorp decreased their target price on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and issued a $57.00 price target on shares of Onsemi in a report on Monday. Roth Mkm decreased their price target on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $49.00 price objective on shares of Onsemi in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Company Profile

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.