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% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 781,464 shares of the semiconductor company’s stock after selling 570,541 shares during the quarter. Natixis Advisors LLC’s holdings in Onsemi were worth $49,271,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Intact Investment Management Inc. raised its stake in shares of Onsemi by 37.0% in the fourth quarter. Intact Investment Management Inc. now owns 16,100 shares of the semiconductor company’s stock valued at $1,015,000 after buying an additional 4,350 shares during the period. LBP AM SA bought a new stake in shares of Onsemi in the fourth quarter valued at $2,291,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Onsemi by 19.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 163,863 shares of the semiconductor company’s stock valued at $10,400,000 after buying an additional 26,205 shares during the period. Vestcor Inc raised its stake in shares of Onsemi by 179.4% in the fourth quarter. Vestcor Inc now owns 21,457 shares of the semiconductor company’s stock valued at $1,353,000 after buying an additional 13,778 shares during the period. Finally, Rakuten Securities Inc. raised its stake in shares of Onsemi by 434.6% in the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 691 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ON has been the topic of several research reports. Truist Financial lowered their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. UBS Group reduced their price target on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, KeyCorp reduced their price target on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.85.

Onsemi Price Performance

Shares of Onsemi stock opened at $43.19 on Monday. The firm 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 has a 12 month low of $41.59 and a 12 month high of $80.08. The business’s 50-day moving average price is $51.59 and its 200-day moving average price is $63.12. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Sell-side 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.