Edmond DE Rothschild Holding S.A. Sells 62,226 Shares of Onsemi (NASDAQ:ON)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Onsemi (NASDAQ:ON - Free Report) by 80.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,208 shares of the semiconductor company's stock after selling 62,226 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Onsemi were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. D.A. Davidson & CO. raised its holdings in shares of Onsemi by 8.5% during the third quarter. D.A. Davidson & CO. now owns 7,061 shares of the semiconductor company's stock worth $513,000 after acquiring an additional 552 shares during the period. Townsquare Capital LLC boosted its position in shares of Onsemi by 105.0% during the third quarter. Townsquare Capital LLC now owns 6,561 shares of the semiconductor company's stock worth $476,000 after buying an additional 3,360 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Onsemi by 8.9% during the third quarter. Public Sector Pension Investment Board now owns 18,409 shares of the semiconductor company's stock worth $1,337,000 after buying an additional 1,500 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Onsemi in the 3rd quarter valued at approximately $2,229,000. Finally, Concentric Capital Strategies LP bought a new stake in Onsemi in the 3rd quarter valued at approximately $1,391,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Performance

Onsemi stock traded down $1.86 during midday trading on Friday, hitting $33.70. The company's stock had a trading volume of 14,293,735 shares, compared to its average volume of 7,183,460. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 16.74 and a beta of 1.48. Onsemi has a 1-year low of $33.21 and a 1-year high of $80.08. The company has a 50-day moving average price of $47.20 and a two-hundred day moving average price of $60.07.

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Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. As a group, sell-side analysts predict that Onsemi will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ON. Wells Fargo & Company lowered their price objective on shares of Onsemi from $80.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. B. Riley lowered their price target on shares of Onsemi from $90.00 to $73.00 and set a "buy" rating on the stock 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. The Goldman Sachs Group lowered their target price on Onsemi from $77.00 to $64.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price target on Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Two investment 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 data from MarketBeat.com, Onsemi presently has an average rating of "Moderate Buy" and a consensus price target of $66.50.

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.