Edmond DE Rothschild Holding S.A. Has $959,000 Stock Position in Onsemi (NASDAQ:ON)

Edmond DE Rothschild Holding S.A. decreased its position in shares of Onsemi (NASDAQ:ON) by 80.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,208 shares of the semiconductor company’s stock after selling 62,226 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Onsemi were worth $959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in Onsemi during the third quarter worth $43,000. Newbridge Financial Services Group Inc. acquired a new stake in Onsemi during the 4th quarter worth about $41,000. Synergy Asset Management LLC bought a new position in shares of Onsemi in the 4th quarter worth about $51,000. Plato Investment Management Ltd acquired a new position in shares of Onsemi in the 4th quarter valued at about $51,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Onsemi by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Down 1.2 %

NASDAQ:ON opened at $40.20 on Wednesday. Onsemi has a 52 week low of $39.10 and a 52 week high of $80.08. The firm has a 50-day moving average price of $48.33 and a two-hundred day moving average price of $60.72. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. On average, equities analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Roth Capital set a $60.00 target price on Onsemi in a report on Friday, March 7th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price objective on shares of Onsemi in a research note on Monday, March 3rd. B. Riley cut their target price on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Susquehanna dropped their price objective on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.