Robeco Institutional Asset Management B.V. Has $6.32 Million Stake in ON Semiconductor Corporation (NASDAQ:ON)

Robeco Institutional Asset Management B.V. increased its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 219.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,228 shares of the semiconductor company's stock after buying an additional 106,617 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in ON Semiconductor were worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. Elequin Capital LP raised its stake in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 274 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in ON Semiconductor in the first quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd acquired a new position in ON Semiconductor in the fourth quarter valued at about $43,000. Finally, Plato Investment Management Ltd acquired a new position in ON Semiconductor during the fourth quarter worth about $51,000. 97.70% of the stock is owned by institutional investors.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock opened at $52.93 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.95 and a quick ratio of 3.32. The business's 50 day simple moving average is $45.39 and its two-hundred day simple moving average is $48.58. The stock has a market capitalization of $22.12 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 4.32 and a beta of 1.39. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $80.08.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.40 billion. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The business's quarterly revenue was down 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ON shares. Mizuho upped their price objective on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday. B. Riley reiterated a "neutral" rating and issued a $56.00 target price (up from $40.00) on shares of ON Semiconductor in a report on Wednesday, June 18th. TD Cowen upped their target price on ON Semiconductor from $38.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Benchmark reduced their target price on ON Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, KeyCorp reduced their target price on ON Semiconductor from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, ON Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $56.08.

ON Semiconductor 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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