Onsemi (NASDAQ:ON) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Onsemi (NASDAQ:ON) by 76.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,843 shares of the semiconductor company’s stock after selling 398,469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Onsemi were worth $10,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. increased its holdings in shares of Onsemi by 0.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company’s stock valued at $1,368,000 after acquiring an additional 129 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Onsemi by 3.3% in the third quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 132 shares during the last quarter. Ballentine Partners LLC raised its holdings in Onsemi by 1.7% during the third quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 134 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Onsemi by 3.2% during the 2nd quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company’s stock worth $447,000 after buying an additional 145 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Onsemi by 13.2% in the 3rd quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

ON has been the topic of several research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research note on Tuesday, February 6th. BNP Paribas reiterated an “underperform” rating and set a $55.00 target price on shares of Onsemi in a research report on Friday. TD Cowen upped their target price on Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Mizuho reduced their price objective on Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.52.

Onsemi Stock Down 3.5 %

Onsemi stock opened at $60.71 on Friday. The stock’s 50 day moving average price is $74.67 and its 200 day moving average price is $76.43. Onsemi has a 1-year low of $60.26 and a 1-year high of $111.35. The company has a market cap of $26.10 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 6.13 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company earned $1.32 earnings per share. Onsemi’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Onsemi will post 4.31 EPS for the current fiscal year.

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.