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

Gotham Asset Management LLC lowered its holdings in shares of Onsemi (NASDAQ:ON - Free Report) by 26.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 53,687 shares of the semiconductor company's stock after selling 18,999 shares during the period. Gotham Asset Management LLC's holdings in Onsemi were worth $3,385,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ON. Truvestments Capital LLC boosted its position in shares of Onsemi by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after purchasing an additional 207 shares in the last quarter. Assetmark Inc. boosted its holdings in Onsemi by 0.3% in the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company's stock valued at $4,949,000 after purchasing an additional 235 shares during the period. V Square Quantitative Management LLC boosted its holdings in Onsemi by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company's stock valued at $424,000 after purchasing an additional 252 shares during the period. Huntington National Bank boosted its holdings in Onsemi by 8.9% in the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock valued at $209,000 after purchasing an additional 271 shares during the period. Finally, Clear Creek Financial Management LLC raised its position in shares of Onsemi by 6.9% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company's stock valued at $275,000 after buying an additional 282 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Onsemi Stock Performance

NASDAQ:ON traded up $0.40 during midday trading on Friday, reaching $44.92. The stock had a trading volume of 5,476,301 shares, compared to its average volume of 7,755,784. The stock has a market cap of $18.77 billion, a P/E ratio of 12.37, a P/E/G ratio of 16.74 and a beta of 1.39. Onsemi has a 12-month low of $31.04 and a 12-month high of $80.08. The firm has a fifty day simple moving average of $39.76 and a two-hundred day simple moving average of $52.96. 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 - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Onsemi had a net margin of 22.21% and a return on equity of 20.10%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business's revenue for the quarter was down 22.4% compared to the same quarter last year. On average, equities analysts expect that Onsemi will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ON shares. UBS Group dropped their target price on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. The Goldman Sachs Group dropped their target price on shares of Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Mizuho lowered their price objective on shares of Onsemi from $71.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Roth Mkm reduced their target price on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, 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 note on Tuesday, February 11th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.12.

About Onsemi

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.