Tocqueville Asset Management L.P. Sells 52,832 Shares of Onsemi (NASDAQ:ON)

Tocqueville Asset Management L.P. lowered its position in shares of Onsemi (NASDAQ:ON) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,827 shares of the semiconductor company’s stock after selling 52,832 shares during the period. Tocqueville Asset Management L.P. owned 0.06% of Onsemi worth $17,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at about $205,000. Jensen Investment Management Inc. increased its position in shares of Onsemi by 17.5% in the fourth quarter. Jensen Investment Management Inc. now owns 47,840 shares of the semiconductor company’s stock worth $3,016,000 after purchasing an additional 7,130 shares during the last quarter. one8zero8 LLC purchased a new stake in Onsemi in the fourth quarter valued at approximately $3,022,000. Intact Investment Management Inc. lifted its position in Onsemi by 37.0% during the fourth quarter. Intact Investment Management Inc. now owns 16,100 shares of the semiconductor company’s stock valued at $1,015,000 after purchasing an additional 4,350 shares during the last quarter. Finally, LBP AM SA purchased a new position in Onsemi in the 4th quarter worth approximately $2,291,000. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho lowered their price objective 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. Roth Capital set a $60.00 price target on Onsemi in a research note on Friday, March 7th. B. Riley reduced their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “neutral” rating and set a $49.00 price objective on shares of Onsemi in a report on Thursday, February 27th. Finally, Susquehanna reduced 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. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $66.85.

Onsemi Trading Up 2.0 %

NASDAQ:ON opened at $44.05 on Tuesday. The company has a 50-day moving average price of $51.18 and a 200-day moving average price of $62.89. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 16.74 and a beta of 1.59. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12 month low of $41.59 and a 12 month high of $80.08.

Onsemi (NASDAQ:ON) last issued 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%. Equities analysts predict that Onsemi will post 2.6 EPS for the current year.

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.