Neville Rodie & Shaw Inc. Has $1.01 Million Stock Position in Onsemi (NASDAQ:ON)

Neville Rodie & Shaw Inc. lessened its position in shares of Onsemi (NASDAQ:ON - Free Report) by 82.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,925 shares of the semiconductor company's stock after selling 118,191 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Onsemi were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ON. Elequin Capital LP boosted its holdings in Onsemi by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 274 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the fourth quarter worth $41,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Onsemi during the fourth quarter valued at $43,000. Synergy Asset Management LLC bought a new position in shares of Onsemi during the fourth quarter valued at $51,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Onsemi in the 4th quarter valued at $51,000. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ON has been the topic of a number of recent analyst reports. Citigroup reduced their price target on shares of Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC decreased their target price on Onsemi from $57.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Craig Hallum reduced their price target on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a "neutral" rating and set a $42.00 price target on shares of Onsemi in a research note on Tuesday, May 6th. Finally, UBS Group dropped their price objective on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Onsemi presently has an average rating of "Moderate Buy" and an average target price of $54.12.

Onsemi Stock Down 2.6%

ON stock traded down $1.10 during trading hours on Friday, reaching $41.84. 10,184,926 shares of the stock were exchanged, compared to its average volume of 7,830,891. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 16.74 and a beta of 1.39. The firm's 50-day moving average is $39.57 and its 200-day moving average is $51.16. Onsemi has a 12 month low of $31.04 and a 12 month high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The business's revenue was down 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, equities research analysts expect that Onsemi will post 2.6 earnings per share 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.