UniSuper Management Pty Ltd increased its position in shares of Onsemi (NASDAQ:ON - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,977 shares of the semiconductor company's stock after acquiring an additional 8,334 shares during the period. UniSuper Management Pty Ltd's holdings in Onsemi were worth $6,051,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock worth $3,224,081,000 after acquiring an additional 344,354 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Onsemi by 3.0% in the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company's stock worth $767,646,000 after purchasing an additional 309,445 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock worth $247,226,000 after buying an additional 1,037,624 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Onsemi by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company's stock valued at $156,884,000 after buying an additional 83,665 shares in the last quarter. Finally, Robeco Schweiz AG lifted its position in shares of Onsemi by 16.8% in the fourth quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company's stock worth $77,804,000 after buying an additional 177,740 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on ON. Citigroup cut their price objective on Onsemi from $77.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on shares of Onsemi from $80.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Morgan Stanley dropped their price objective on Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. Finally, Susquehanna decreased their target price on Onsemi from $70.00 to $60.00 and set a "positive" rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $66.50.
Read Our Latest Analysis on ON
Onsemi Price Performance
Shares of NASDAQ:ON traded down $0.39 during midday trading on Monday, reaching $40.55. The company's stock had a trading volume of 4,450,622 shares, compared to its average volume of 7,095,844. The business's fifty day simple moving average is $48.92 and its 200-day simple moving average is $61.14. The company has a market capitalization of $17.09 billion, a P/E ratio of 11.16, a P/E/G ratio of 16.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a fifty-two week low of $39.37 and a fifty-two week high of $80.08.
Onsemi (NASDAQ:ON - Get Free Report) last posted 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, equities research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.
About Onsemi
(
Free Report)
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.
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