Paloma Partners Management Co Sells 2,915,251 Shares of Onsemi (NASDAQ:ON)

Paloma Partners Management Co decreased its holdings in Onsemi (NASDAQ:ON - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,000 shares of the semiconductor company's stock after selling 2,915,251 shares during the quarter. Paloma Partners Management Co's holdings in Onsemi were worth $7,566,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ON. Northern Trust Corp increased its stake in shares of Onsemi by 8.4% during the 4th quarter. Northern Trust Corp now owns 3,787,829 shares of the semiconductor company's stock worth $238,823,000 after purchasing an additional 292,225 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Onsemi by 608.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 309,573 shares of the semiconductor company's stock worth $19,519,000 after purchasing an additional 265,857 shares during the last quarter. Quarry LP increased its stake in shares of Onsemi by 7,766.7% during the 4th quarter. Quarry LP now owns 944 shares of the semiconductor company's stock worth $60,000 after purchasing an additional 932 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Onsemi during the 4th quarter worth approximately $588,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Onsemi during the 4th quarter worth approximately $202,000. Institutional investors own 97.70% of the company's stock.

Onsemi Trading Up 1.0 %

NASDAQ ON opened at $40.04 on Tuesday. 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 has a twelve month low of $31.04 and a twelve month high of $80.08. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.03, a P/E/G ratio of 16.74 and a beta of 1.48. The stock's 50 day moving average is $41.56 and its 200 day moving average is $55.65.

Onsemi (NASDAQ:ON - Get Free Report) last released its earnings results 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%. Research analysts forecast that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ON. Truist Financial decreased their price target on shares of Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Craig Hallum reduced their price objective on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. UBS Group reduced their price objective on shares of Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Mizuho reduced their price objective on shares of Onsemi from $71.00 to $62.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. Finally, Roth Mkm reduced their price objective on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Onsemi presently has an average rating of "Moderate Buy" and a consensus target price of $62.24.

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.

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