Raiffeisen Bank International AG Buys New Holdings in Onsemi (NASDAQ:ON)

Raiffeisen Bank International AG bought a new position in shares of Onsemi (NASDAQ:ON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 152,328 shares of the semiconductor company's stock, valued at approximately $9,667,000.

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Onsemi by 16.1% in the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after purchasing an additional 1,119 shares during the last quarter. Oak Thistle LLC acquired a new stake in Onsemi in the fourth quarter valued at about $515,000. Deltec Asset Management LLC bought a new position in Onsemi in the fourth quarter valued at about $6,343,000. Wedge Capital Management L L P NC raised its stake in Onsemi by 40.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 27,964 shares of the semiconductor company's stock worth $1,763,000 after acquiring an additional 8,043 shares in the last quarter. Finally, Olstein Capital Management L.P. bought a new position in shares of Onsemi in the fourth quarter worth about $4,792,000. Institutional investors own 97.70% of the company's stock.

Onsemi Trading Up 0.1%

Shares of NASDAQ:ON traded up $0.02 during midday trading on Wednesday, reaching $44.28. The company's stock had a trading volume of 3,306,017 shares, compared to its average volume of 7,736,156. Onsemi has a fifty-two week low of $31.04 and a fifty-two week high of $80.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm has a 50 day moving average price of $39.83 and a two-hundred day moving average price of $52.59. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 16.74 and a beta of 1.39.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm 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 company's revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. As a group, analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

ON has been the topic of several research reports. Robert W. Baird decreased their price target on shares of Onsemi from $42.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Roth Capital set a $60.00 target price on shares of Onsemi in a research note on Friday, March 7th. 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 price target for the company. Citigroup cut their price objective on Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Loop Capital reduced their price objective on Onsemi from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.12.

About Onsemi

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.