Todd Asset Management LLC Sells 117,235 Shares of Onsemi (NASDAQ:ON)

Todd Asset Management LLC cut its position in shares of Onsemi (NASDAQ:ON - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 488,382 shares of the semiconductor company's stock after selling 117,235 shares during the quarter. Onsemi makes up about 0.9% of Todd Asset Management LLC's holdings, making the stock its 25th biggest position. Todd Asset Management LLC owned approximately 0.11% of Onsemi worth $40,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ON. Provence Wealth Management Group bought a new stake in shares of Onsemi during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Onsemi in the fourth quarter valued at about $32,000. Hanseatic Management Services Inc. bought a new position in shares of Onsemi during the 3rd quarter valued at approximately $38,000. Headinvest LLC purchased a new stake in shares of Onsemi during the 3rd quarter worth approximately $44,000. Finally, Planned Solutions Inc. bought a new stake in shares of Onsemi in the 4th quarter worth approximately $46,000. 97.70% of the stock is owned by institutional investors.

Onsemi Trading Up 0.5 %

Shares of Onsemi stock traded up $0.36 during trading on Friday, reaching $70.37. 6,516,692 shares of the stock were exchanged, compared to its average volume of 7,968,687. The company has a quick ratio of 1.74, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The firm has a market cap of $30.28 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 3.18 and a beta of 1.78. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35. The stock's fifty day moving average is $72.35 and its 200 day moving average is $74.54.

Onsemi (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm's revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. As a group, equities research analysts expect that Onsemi will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ON. Rosenblatt Securities dropped their price objective on shares of Onsemi from $75.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, April 30th. Roth Mkm raised their price objective on shares of Onsemi from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, February 6th. Wells Fargo & Company lowered their target price on shares of Onsemi from $110.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday, April 23rd. Truist Financial dropped their target price on Onsemi from $89.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price target on shares of Onsemi in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.24.

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.