Robeco Schweiz AG Increases Holdings in ON Semiconductor Corporation (NASDAQ:ON)

Robeco Schweiz AG increased its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,299,042 shares of the semiconductor company's stock after acquiring an additional 65,042 shares during the period. ON Semiconductor comprises about 1.3% of Robeco Schweiz AG's holdings, making the stock its 29th largest holding. Robeco Schweiz AG owned approximately 0.31% of ON Semiconductor worth $52,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC lifted its holdings in ON Semiconductor by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after buying an additional 207 shares during the period. Huntington National Bank lifted its holdings in ON Semiconductor by 8.9% in the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock worth $209,000 after buying an additional 271 shares during the period. Elequin Capital LP lifted its holdings in ON Semiconductor by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after buying an additional 274 shares during the period. NewEdge Advisors LLC lifted its holdings in ON Semiconductor by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 26,552 shares of the semiconductor company's stock worth $1,674,000 after buying an additional 312 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in shares of ON Semiconductor by 83.3% in the 1st 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 during the period. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

ON has been the subject of a number of research analyst reports. Loop Capital lowered their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC reduced their price objective on ON Semiconductor from $57.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. B. Riley reaffirmed a "neutral" rating and set a $56.00 price objective (up previously from $40.00) on shares of ON Semiconductor in a research report on Wednesday, June 18th. UBS Group reaffirmed a "neutral" rating and set a $55.00 price objective (up previously from $45.00) on shares of ON Semiconductor in a research report on Monday. Finally, Mizuho raised their price objective on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, ON Semiconductor has an average rating of "Hold" and a consensus target price of $57.65.

ON Semiconductor Price Performance

Shares of ON stock traded up $0.21 during trading hours on Friday, hitting $59.73. The stock had a trading volume of 6,355,578 shares, compared to its average volume of 8,347,487. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $80.08. 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 stock's 50-day moving average price is $48.95 and its two-hundred day moving average price is $48.15. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 4.91 and a beta of 1.43.

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

ON Semiconductor Company 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.