Rockefeller Capital Management L.P. Has $983,000 Position in Onsemi (NASDAQ:ON)

Rockefeller Capital Management L.P. decreased its position in Onsemi (NASDAQ:ON) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,583 shares of the semiconductor company’s stock after selling 459 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Onsemi were worth $983,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in Onsemi by 67.9% during the 3rd quarter. Westside Investment Management Inc. now owns 940 shares of the semiconductor company’s stock worth $68,000 after buying an additional 380 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Onsemi in the third quarter valued at approximately $1,087,000. Wilmington Savings Fund Society FSB acquired a new position in Onsemi during the 3rd quarter worth $389,000. Nordea Investment Management AB increased its stake in shares of Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after buying an additional 82,614 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Onsemi by 61.0% during the fourth quarter. Fulton Bank N.A. now owns 4,640 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 1,758 shares during the period. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ON. JPMorgan Chase & Co. lowered their price objective on Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. KeyCorp dropped their price target on shares of Onsemi from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus reduced their price objective on shares of Onsemi from $52.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. 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. Finally, Citigroup reduced their price target on Onsemi from $52.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.52.

Onsemi Stock Performance

Shares of ON opened at $34.74 on Tuesday. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 16.74 and a beta of 1.48. The firm has a fifty day simple moving average of $42.97 and a 200 day simple moving average of $56.78. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12 month low of $31.04 and a 12 month high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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 EPS for the current fiscal 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.