Onsemi (NASDAQ:ON) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC decreased its stake in Onsemi (NASDAQ:ON) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,534 shares of the semiconductor company’s stock after selling 667 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Onsemi were worth $161,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi in the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the third quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the fourth quarter worth about $41,000. Safe Harbor Fiduciary LLC acquired a new position in Onsemi during the third quarter worth about $43,000. Finally, Synergy Asset Management LLC acquired a new position in Onsemi during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Price Performance

Shares of ON opened at $43.88 on Friday. Onsemi has a fifty-two week low of $43.33 and a fifty-two week high of $85.16. The firm’s 50 day moving average price is $54.47 and its 200 day moving average price is $64.78. The company has a market cap of $18.49 billion, a P/E ratio of 12.09, a PEG ratio of 16.74 and a beta of 1.59. 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 (NASDAQ:ON) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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 forecast that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup lowered their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. KeyCorp lowered their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Susquehanna lowered their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Mizuho lowered their price target on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report 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. According to data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and an average price target of $67.12.

Onsemi 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.