Commerzbank Aktiengesellschaft FI Purchases New Holdings in Onsemi (NASDAQ:ON)

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Onsemi (NASDAQ:ON) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,794 shares of the semiconductor company’s stock, valued at approximately $241,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after purchasing an additional 82,614 shares during the last quarter. Natixis Advisors LLC boosted its position in Onsemi by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after buying an additional 18,450 shares during the period. Cinctive Capital Management LP purchased a new stake in Onsemi in the 3rd quarter valued at about $1,270,000. Blue Trust Inc. boosted its position in Onsemi by 16.1% in the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 1,119 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Onsemi in the 4th quarter valued at about $515,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Up 4.5 %

NASDAQ:ON opened at $46.49 on Thursday. The firm has a market capitalization of $19.59 billion, a P/E ratio of 12.81, a PEG ratio of 16.74 and a beta of 1.59. Onsemi has a 1-year low of $43.94 and a 1-year high of $85.16. The company’s fifty day moving average price is $54.89 and its 200-day moving average price is $64.91. 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 (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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, equities research analysts anticipate that Onsemi will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

ON has been the subject of several research reports. Mizuho lowered their price objective on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Truist Financial lowered their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Benchmark lowered their price target on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, B. Riley lowered their price target on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.12.

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.