Ostrum Asset Management Has $17.40 Million Stock Holdings in Onsemi (NASDAQ:ON)

Ostrum Asset Management lessened its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 46.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 275,885 shares of the semiconductor company's stock after selling 238,154 shares during the period. Onsemi comprises approximately 1.5% of Ostrum Asset Management's investment portfolio, making the stock its 25th largest holding. Ostrum Asset Management owned 0.06% of Onsemi worth $17,395,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norinchukin Bank The grew its stake in shares of Onsemi by 5.8% in the fourth quarter. Norinchukin Bank The now owns 22,139 shares of the semiconductor company's stock valued at $1,396,000 after buying an additional 1,211 shares in the last quarter. Ossiam lifted its stake in Onsemi by 248.6% in the fourth quarter. Ossiam now owns 149,835 shares of the semiconductor company's stock valued at $9,447,000 after acquiring an additional 106,851 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Onsemi by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after acquiring an additional 771,610 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Onsemi by 4.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 570,645 shares of the semiconductor company's stock valued at $35,979,000 after purchasing an additional 22,209 shares during the period. Finally, Brant Point Investment Management LLC lifted its stake in Onsemi by 15.9% in the 4th quarter. Brant Point Investment Management LLC now owns 94,948 shares of the semiconductor company's stock valued at $5,986,000 after purchasing an additional 13,000 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ON. Citigroup lowered 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. JPMorgan Chase & Co. dropped their price target on Onsemi from $88.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. 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 report on Monday, March 24th. Wells Fargo & Company decreased 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. Finally, B. Riley cut shares of Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Onsemi has a consensus rating of "Moderate Buy" and an average price target of $62.24.

Onsemi Price Performance

NASDAQ ON traded down $0.33 on Friday, hitting $39.63. 7,554,078 shares of the company's stock were exchanged, compared to its average volume of 7,509,623. The stock has a 50-day moving average of $42.12 and a 200-day moving average of $56.27. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 16.74 and a beta of 1.48. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08. 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 (NASDAQ:ON - Get Free Report) last released its quarterly earnings data 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 net margin of 22.21% and a return on equity of 20.10%. Analysts expect that Onsemi will post 2.6 earnings per share for the current 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.