Sterling Capital Management LLC Buys 8,596 Shares of Onsemi (NASDAQ:ON)

Sterling Capital Management LLC boosted its holdings in Onsemi (NASDAQ:ON - Free Report) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,533 shares of the semiconductor company's stock after acquiring an additional 8,596 shares during the period. Sterling Capital Management LLC's holdings in Onsemi were worth $5,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its position in Onsemi by 2.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 265,566 shares of the semiconductor company's stock valued at $16,744,000 after purchasing an additional 7,432 shares during the last quarter. Scotia Capital Inc. increased its position in Onsemi by 6.4% in the 4th quarter. Scotia Capital Inc. now owns 52,404 shares of the semiconductor company's stock valued at $3,304,000 after acquiring an additional 3,151 shares during the period. DRW Securities LLC bought a new stake in Onsemi during the 4th quarter valued at $225,000. APG Asset Management N.V. boosted its position in Onsemi by 788.0% during the 4th quarter. APG Asset Management N.V. now owns 254,822 shares of the semiconductor company's stock worth $15,516,000 after acquiring an additional 226,125 shares during the period. Finally, Greenland Capital Management LP bought a new position in shares of Onsemi in the fourth quarter worth $6,966,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ON shares. Citigroup decreased their target price on shares of Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Benchmark cut their target price on Onsemi from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on Onsemi from $88.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $57.00 target price on shares of Onsemi in a report on Monday, March 3rd. Finally, Roth Capital set a $60.00 target price on Onsemi in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.52.

Onsemi Stock Up 0.1 %

Onsemi stock traded up $0.03 during midday trading on Thursday, reaching $34.28. The stock had a trading volume of 2,626,866 shares, compared to its average volume of 10,081,789. The stock has a market capitalization of $14.47 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The firm's fifty day simple moving average is $43.79 and its 200-day simple moving average is $57.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08.

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

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.