Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in Onsemi (NASDAQ:ON)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Onsemi (NASDAQ:ON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 283,469 shares of the semiconductor company's stock, valued at approximately $17,873,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Onsemi as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC boosted its position in Onsemi 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 purchasing an additional 207 shares in the last quarter. Assetmark Inc. boosted its position in Onsemi by 0.3% in the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company's stock worth $4,949,000 after purchasing an additional 235 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Onsemi by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company's stock worth $424,000 after purchasing an additional 252 shares in the last quarter. Huntington National Bank boosted its position in Onsemi 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 purchasing an additional 271 shares in the last quarter. Finally, Elequin Capital LP boosted its position in Onsemi by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ON. Roth Mkm reduced their target price on Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Loop Capital reduced their target price on Onsemi from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective on Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on Onsemi from $52.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $42.00 price objective on shares of Onsemi in a research note on Tuesday, May 6th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.12.

Onsemi Stock Up 2.8%

Shares of NASDAQ ON traded up $1.19 during midday trading on Tuesday, hitting $43.73. 2,271,179 shares of the company's stock were exchanged, compared to its average volume of 7,814,376. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. The company has a market cap of $18.27 billion, a PE ratio of 12.05, a P/E/G ratio of 16.74 and a beta of 1.39. The firm's fifty day simple moving average is $39.52 and its 200-day simple moving average is $50.77.

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm's revenue was down 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. Research analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

Onsemi 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.