O Shaughnessy Asset Management LLC Sells 5,363 Shares of Onsemi (NASDAQ:ON)

O Shaughnessy Asset Management LLC reduced its position in Onsemi (NASDAQ:ON) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,664 shares of the semiconductor company’s stock after selling 5,363 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Onsemi were worth $2,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ON. Nordea Investment Management AB boosted its position in Onsemi by 25.9% during the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after buying an additional 82,614 shares during the period. Blue Trust Inc. boosted 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 valued at $509,000 after acquiring an additional 1,119 shares during the period. Oak Thistle LLC bought a new position in Onsemi during the 4th quarter worth approximately $515,000. Deltec Asset Management LLC purchased a new position in Onsemi in the 4th quarter worth approximately $6,343,000. Finally, Public Employees Retirement System of Ohio lifted its position in Onsemi by 18.7% in the third quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock valued at $14,116,000 after purchasing an additional 30,695 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Trading Down 5.2 %

NASDAQ ON opened at $33.70 on Friday. Onsemi has a 12 month low of $33.21 and a 12 month high of $80.08. 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 stock’s fifty day moving average price is $47.20 and its 200-day moving average price is $60.15. The stock has a market cap of $14.20 billion, a P/E ratio of 9.28, a P/E/G ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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%. As a group, equities analysts forecast that Onsemi will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ON. Roth Capital set a $60.00 target price on shares of Onsemi in a research note on Friday, March 7th. The Goldman Sachs Group lowered their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Susquehanna reduced their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

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.