Onsemi (NASDAQ:ON) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of Onsemi (NASDAQ:ON) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,369 shares of the semiconductor company’s stock after purchasing an additional 378 shares during the period. CIBC Private Wealth Group LLC’s holdings in Onsemi were worth $1,304,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the period. Geode Capital Management LLC grew its stake in shares of Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after buying an additional 309,445 shares during the period. Norges Bank acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $378,312,000. Allspring Global Investments Holdings LLC raised its position in shares of Onsemi by 35.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Onsemi by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company’s stock valued at $156,884,000 after acquiring an additional 83,665 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ON shares. UBS Group reduced their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Susquehanna reduced 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. The Goldman Sachs Group lowered their target price on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Jefferies Financial Group reduced their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Roth Capital set a $60.00 price objective on shares of Onsemi in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.50.

Onsemi Stock Down 12.8 %

Shares of Onsemi stock opened at $35.56 on Friday. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a 52-week low of $35.45 and a 52-week high of $80.08. The company has a market capitalization of $14.99 billion, a P/E ratio of 9.80, a P/E/G ratio of 16.74 and a beta of 1.48. The company has a 50 day moving average of $47.62 and a 200 day moving average of $60.40.

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

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.