Oppenheimer & Co. Inc. Has $1.78 Million Holdings in Onsemi (NASDAQ:ON)

Oppenheimer & Co. Inc. decreased its position in Onsemi (NASDAQ:ON) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Onsemi by 25.9% in the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after purchasing an additional 82,614 shares during the period. Natixis Advisors LLC boosted its position 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 worth $98,169,000 after purchasing an additional 18,450 shares in the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Onsemi in the 3rd quarter valued at about $1,270,000. Blue Trust Inc. increased its position in Onsemi by 16.1% in the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 1,119 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Onsemi during the 4th quarter worth approximately $515,000. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research reports. Benchmark reduced their price objective on Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. KeyCorp reduced their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Stifel Nicolaus decreased their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” 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 assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Stock Performance

NASDAQ ON opened at $44.91 on Tuesday. The company has a market capitalization of $18.93 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a 52-week low of $44.67 and a 52-week high of $85.16. The company has a 50-day simple moving average of $55.80 and a 200 day simple moving average of $65.35.

Onsemi (NASDAQ:ON) last issued its quarterly 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%. On average, research analysts predict that Onsemi will post 2.6 EPS for the current 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.