Robeco Schweiz AG Increases Position in Onsemi (NASDAQ:ON)

Robeco Schweiz AG raised its holdings in shares of Onsemi (NASDAQ:ON) by 16.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,234,000 shares of the semiconductor company’s stock after purchasing an additional 177,740 shares during the quarter. Onsemi accounts for about 1.7% of Robeco Schweiz AG’s portfolio, making the stock its 23rd largest position. Robeco Schweiz AG’s holdings in Onsemi were worth $77,804,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Onsemi during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi during the third quarter valued at approximately $33,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi during the third quarter valued at approximately $43,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Onsemi during the fourth quarter valued at approximately $41,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Onsemi during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of several analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a report on Friday, February 7th. Susquehanna cut their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. B. Riley dropped their target price on Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Citigroup dropped their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Performance

Onsemi stock opened at $50.55 on Thursday. The firm’s 50 day simple moving average is $56.51 and its 200-day simple moving average is $65.73. The company has a market cap of $21.30 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 16.74 and a beta of 1.62. 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 $46.57 and a fifty-two week high of $85.16.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Onsemi will post 2.6 EPS 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.