Natixis Advisors LLC Sells 570,541 Shares of Onsemi (NASDAQ:ON)

Natixis Advisors LLC reduced its holdings in shares of Onsemi (NASDAQ:ON) by 42.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 781,464 shares of the semiconductor company’s stock after selling 570,541 shares during the quarter. Natixis Advisors LLC owned 0.18% of Onsemi worth $49,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bridgewater Associates LP raised its position in Onsemi by 8,367.5% in the third quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock valued at $81,544,000 after purchasing an additional 1,109,778 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Onsemi by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after purchasing an additional 1,037,624 shares during the last quarter. Andra AP fonden raised its position in Onsemi by 2,388.4% in the fourth quarter. Andra AP fonden now owns 343,400 shares of the semiconductor company’s stock valued at $21,651,000 after purchasing an additional 329,600 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Onsemi by 19.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock valued at $145,887,000 after purchasing an additional 326,734 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Onsemi by 3.0% in the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after purchasing an additional 309,445 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Trading Up 2.5 %

Shares of Onsemi stock opened at $43.19 on Monday. 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 has a 52 week low of $41.59 and a 52 week high of $80.08. The stock has a 50 day moving average price of $51.59 and a two-hundred day moving average price of $63.12. The stock has a market capitalization of $18.20 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on ON shares. Morgan Stanley dropped their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Roth Mkm decreased their price target on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $49.00 price target on shares of Onsemi in a research note on Thursday, February 27th. Finally, Citigroup decreased their price target on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.85.

Onsemi 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.