Mn Services Vermogensbeheer B.V. Purchases 2,700 Shares of Onsemi (NASDAQ:ON)

Mn Services Vermogensbeheer B.V. increased its position in shares of Onsemi (NASDAQ:ON) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,900 shares of the semiconductor company’s stock after purchasing an additional 2,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Onsemi were worth $10,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Schweiz AG boosted its stake in Onsemi by 16.8% in the 4th quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock valued at $77,804,000 after buying an additional 177,740 shares in the last quarter. Simmons Bank boosted its stake in Onsemi by 1.5% in the 4th quarter. Simmons Bank now owns 20,828 shares of the semiconductor company’s stock valued at $1,313,000 after buying an additional 310 shares in the last quarter. GraniteShares Advisors LLC acquired a new stake in Onsemi in the 4th quarter valued at $516,000. Todd Asset Management LLC boosted its stake in Onsemi by 1.1% in the 4th quarter. Todd Asset Management LLC now owns 464,187 shares of the semiconductor company’s stock valued at $29,267,000 after buying an additional 5,202 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in Onsemi by 6.7% in the 4th quarter. Sentry Investment Management LLC now owns 7,655 shares of the semiconductor company’s stock valued at $483,000 after buying an additional 478 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ON has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Craig Hallum decreased their price target on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Loop Capital started coverage on Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price target on the stock. Benchmark reduced their price objective on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Susquehanna reduced their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.12.

Onsemi Trading Down 0.7 %

ON stock opened at $47.05 on Friday. The company has a market cap of $19.83 billion, a P/E ratio of 12.96, a PEG ratio of 16.74 and a beta of 1.61. Onsemi has a twelve month low of $46.04 and a twelve month high of $85.16. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $56.17 and a 200-day moving average of $65.60.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 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 expect 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.