Mn Services Vermogensbeheer B.V. Sells 12,100 Shares of Onsemi (NASDAQ:ON)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 7.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,800 shares of the semiconductor company's stock after selling 12,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Onsemi were worth $6,340,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Onsemi by 15.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company's stock valued at $1,070,000 after purchasing an additional 2,209 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Onsemi by 0.8% in the 4th quarter. TCW Group Inc. now owns 290,396 shares of the semiconductor company's stock valued at $18,309,000 after purchasing an additional 2,354 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Onsemi by 52.7% in the 4th quarter. Blair William & Co. IL now owns 4,239 shares of the semiconductor company's stock valued at $267,000 after purchasing an additional 1,463 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Onsemi by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company's stock valued at $156,884,000 after purchasing an additional 83,665 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of Onsemi in the 4th quarter valued at about $998,000. Institutional investors own 97.70% of the company's stock.

Onsemi Price Performance

NASDAQ:ON opened at $53.88 on Tuesday. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $42.29 and a 200 day simple moving average of $49.51. The stock has a market capitalization of $22.52 billion, a PE ratio of 14.84, a P/E/G ratio of 16.74 and a beta of 1.39.

Onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Onsemi had a net margin of 22.21% and a return on equity of 20.10%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period last year, the business earned $1.08 earnings per share. The firm's revenue was down 22.4% on a year-over-year basis. On average, research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ON. Robert W. Baird reduced their price objective on shares of Onsemi from $42.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Rosenblatt Securities reissued a "neutral" rating and set a $42.00 price objective on shares of Onsemi in a research note on Tuesday, May 6th. Morgan Stanley started coverage on shares of Onsemi in a report on Monday, May 12th. They set an "equal weight" rating and a $39.00 target price on the stock. UBS Group dropped their target price on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, KGI Securities started coverage on shares of Onsemi in a report on Friday, May 23rd. They set a "neutral" rating on the stock. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $54.72.

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.

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