Onsemi (NASDAQ:ON) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in Onsemi (NASDAQ:ON) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 570,645 shares of the semiconductor company’s stock after purchasing an additional 22,209 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Onsemi were worth $35,979,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the fourth quarter worth $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Onsemi in the fourth quarter valued at $43,000. Synergy Asset Management LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at $51,000. Plato Investment Management Ltd acquired a new position in Onsemi during the 4th quarter worth about $51,000. Finally, Rakuten Securities Inc. boosted its holdings in Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 691 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Trading Up 1.1 %

NASDAQ:ON opened at $34.64 on Friday. The company has a market capitalization of $14.62 billion, a PE ratio of 9.54, a P/E/G ratio of 16.74 and a beta of 1.48. Onsemi has a 52-week low of $31.04 and a 52-week high of $80.08. The stock’s 50 day moving average price is $43.28 and its 200 day moving average price is $57.12. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last posted 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 net margin of 22.21% and a return on equity of 20.10%. On average, research analysts anticipate that Onsemi will post 2.6 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ON shares. The Goldman Sachs Group reduced their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $49.00 price target on shares of Onsemi in a research report on Thursday, February 27th. Susquehanna cut their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Craig Hallum decreased their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Truist Financial cut their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.52.

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.