Metis Global Partners LLC Buys 735 Shares of Onsemi (NASDAQ:ON)

Metis Global Partners LLC increased its stake in shares of Onsemi (NASDAQ:ON) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,446 shares of the semiconductor company’s stock after buying an additional 735 shares during the period. Metis Global Partners LLC’s holdings in Onsemi were worth $911,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ON. Nordea Investment Management AB raised its holdings in Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after acquiring an additional 82,614 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Onsemi by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after purchasing an additional 18,450 shares in the last quarter. Cinctive Capital Management LP bought a new stake in shares of Onsemi during the third quarter worth $1,270,000. Blue Trust Inc. lifted its stake in shares of Onsemi by 16.1% in the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Onsemi during the 4th quarter valued at $515,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

ON has been the subject of a number of recent research reports. Citigroup lowered their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. KeyCorp lowered their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Susquehanna cut their target price on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Loop Capital began coverage on shares of Onsemi in a research report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Mizuho cut their price target on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Two investment 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, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

Onsemi Trading Down 0.9 %

ON opened at $44.49 on Wednesday. The company has a market cap of $18.75 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61. The company has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $65.13. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 1-year low of $43.94 and a 1-year high of $85.16.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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%. Analysts predict 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.