42,485 Shares in Onsemi (NASDAQ:ON) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Onsemi (NASDAQ:ON - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,485 shares of the semiconductor company's stock, valued at approximately $3,085,000.

Several other hedge funds have also recently bought and sold shares of ON. Natixis Advisors LLC increased its holdings in shares of Onsemi by 1.4% during the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company's stock valued at $98,169,000 after purchasing an additional 18,450 shares during the period. Assenagon Asset Management S.A. lifted its position in Onsemi by 690.2% in the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company's stock worth $6,945,000 after purchasing an additional 88,496 shares during the period. Axxcess Wealth Management LLC bought a new position in Onsemi during the 1st quarter valued at $808,000. Comerica Bank increased its position in shares of Onsemi by 21.1% during the 1st quarter. Comerica Bank now owns 98,781 shares of the semiconductor company's stock valued at $7,265,000 after purchasing an additional 17,198 shares during the period. Finally, Deltec Asset Management LLC bought a new stake in shares of Onsemi in the 2nd quarter worth $1,212,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Up 1.0 %

ON stock opened at $67.31 on Thursday. The company has a 50 day moving average of $70.27 and a two-hundred day moving average of $71.81. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The company has a market cap of $28.66 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 7.15 and a beta of 1.65.

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.75 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business's revenue for the quarter was down 19.2% on a year-over-year basis. On average, equities analysts anticipate that Onsemi will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. KeyCorp decreased their target price on Onsemi from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Benchmark reissued a "buy" rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Truist Financial decreased their price target on shares of Onsemi from $97.00 to $89.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Finally, TD Cowen cut their price objective on Onsemi from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.30.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares of the company's stock, valued at $61,018,959.10. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

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.