Onsemi (NASDAQ:ON) Stake Cut by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of Onsemi (NASDAQ:ON) by 95.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,563,167 shares of the semiconductor company’s stock after selling 32,432,714 shares during the quarter. Schroder Investment Management Group’s holdings in Onsemi were worth $99,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Truvestments Capital LLC grew its position in shares of Onsemi by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 207 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Onsemi by 0.3% during the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock valued at $4,949,000 after purchasing an additional 235 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Onsemi by 3.9% during the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 252 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Onsemi by 6.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 282 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Onsemi by 9.9% in the 4th quarter. Savant Capital LLC now owns 3,297 shares of the semiconductor company’s stock worth $208,000 after purchasing an additional 297 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ON has been the topic of several analyst reports. Benchmark dropped their target price on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Truist Financial cut their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Citigroup decreased their target price on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price target on shares of Onsemi in a report on Monday, March 3rd. Finally, KeyCorp decreased their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Onsemi Trading Down 6.4 %

Shares of NASDAQ:ON opened at $40.94 on Monday. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 16.74 and a beta of 1.59. Onsemi has a 1-year low of $40.57 and a 1-year high of $80.08. The company has a 50 day moving average price of $48.92 and a 200 day moving average price of $61.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

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 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%. On average, research analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal 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.