Brandywine Global Investment Management LLC Has $83.20 Million Stock Holdings in Onsemi (NASDAQ:ON)

Brandywine Global Investment Management LLC boosted its position in shares of Onsemi (NASDAQ:ON) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,319,560 shares of the semiconductor company’s stock after acquiring an additional 145,378 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.31% of Onsemi worth $83,198,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the 4th quarter worth approximately $41,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the 3rd quarter valued at $43,000. Synergy Asset Management LLC bought a new stake in shares of Onsemi in the 4th quarter worth about $51,000. Plato Investment Management Ltd acquired a new stake in shares of Onsemi during the 4th quarter worth about $51,000. Finally, Rakuten Securities Inc. lifted its holdings in Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ON. Roth Capital set a $60.00 target price on shares of Onsemi in a research note on Friday, March 7th. Susquehanna decreased their target price on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley cut their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Benchmark lowered their price objective 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, Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price objective on shares of Onsemi in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Onsemi Stock Down 6.4 %

Onsemi stock opened at $40.94 on Friday. The stock has a market cap of $17.25 billion, a P/E ratio of 11.28, a P/E/G ratio of 16.74 and a beta of 1.59. The company’s 50-day moving average price is $48.92 and its two-hundred day moving average price is $61.21. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a twelve month low of $40.62 and a twelve month high of $80.08.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 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, analysts expect that Onsemi will post 2.6 EPS for the current year.

About Onsemi

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.