B. Metzler seel. Sohn & Co. AG Sells 5,521 Shares of Onsemi (NASDAQ:ON)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Onsemi (NASDAQ:ON) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,964 shares of the semiconductor company’s stock after selling 5,521 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Onsemi were worth $2,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ON. Brandywine Global Investment Management LLC boosted its holdings in shares of Onsemi by 12.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,319,560 shares of the semiconductor company’s stock worth $83,198,000 after buying an additional 145,378 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Onsemi by 1.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 22,369 shares of the semiconductor company’s stock valued at $1,304,000 after acquiring an additional 378 shares during the last quarter. Allstate Corp bought a new position in shares of Onsemi during the 4th quarter valued at approximately $800,000. Heartland Advisors Inc. increased its stake in shares of Onsemi by 129.8% during the 4th quarter. Heartland Advisors Inc. now owns 219,972 shares of the semiconductor company’s stock worth $13,869,000 after purchasing an additional 124,252 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of Onsemi by 57.5% in the 4th quarter. DnB Asset Management AS now owns 535,262 shares of the semiconductor company’s stock worth $33,748,000 after purchasing an additional 195,367 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ON. Citigroup reduced their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. B. Riley lowered their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, KeyCorp lowered their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Onsemi Stock Performance

Onsemi stock opened at $40.20 on Wednesday. Onsemi has a fifty-two week low of $39.10 and a fifty-two week high of $80.08. The firm’s fifty day moving average price is $48.33 and its 200-day moving average price is $60.72. The stock has a market cap of $16.94 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. 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 results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. On average, equities research analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal 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.