Dorsey & Whitney Trust CO LLC Sells 446 Shares of Onsemi (NASDAQ:ON)

Dorsey & Whitney Trust CO LLC cut its holdings in shares of Onsemi (NASDAQ:ON) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,479 shares of the semiconductor company’s stock after selling 446 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Onsemi were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Onsemi during the third quarter worth about $27,000. Atria Investments Inc boosted its holdings in Onsemi by 9.0% during the third quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor company’s stock worth $1,112,000 after purchasing an additional 1,268 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter worth about $33,000. Apollon Wealth Management LLC boosted its holdings in Onsemi by 75.1% during the third quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company’s stock worth $773,000 after purchasing an additional 4,569 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Onsemi during the third quarter worth about $2,147,000. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ON. Craig Hallum cut their price target on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Benchmark dropped their target price on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. B. Riley dropped their target price on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $66.85.

Onsemi Stock Performance

Onsemi stock opened at $44.16 on Tuesday. The firm’s 50 day simple moving average is $53.59 and its 200 day simple moving average is $64.25. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $18.61 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 1-year low of $43.33 and a 1-year high of $82.65.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

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.