Robeco Schweiz AG Increases Stock Holdings in Onsemi (NASDAQ:ON)

Robeco Schweiz AG lifted its stake in shares of Onsemi (NASDAQ:ON) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,234,000 shares of the semiconductor company’s stock after buying an additional 177,740 shares during the period. Onsemi comprises about 1.7% of Robeco Schweiz AG’s holdings, making the stock its 23rd largest position. Robeco Schweiz AG owned approximately 0.29% of Onsemi worth $77,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter worth about $33,000. Safe Harbor Fiduciary LLC purchased a new position in Onsemi during the third quarter worth about $43,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Onsemi in the 4th quarter worth about $41,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Onsemi in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ON. Craig Hallum cut their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. B. Riley cut their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Truist Financial cut their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Susquehanna cut their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Trading Down 1.3 %

ON opened at $50.55 on Thursday. The firm has a market cap of $21.30 billion, a P/E ratio of 13.93, a P/E/G ratio of 16.74 and a beta of 1.62. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $56.51 and a 200 day moving average of $65.73.

Onsemi (NASDAQ:ON) last released its quarterly earnings results 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 return on equity of 20.10% and a net margin of 22.21%. As a group, research analysts forecast that Onsemi will post 2.6 EPS for the current year.

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.