Bank Julius Baer & Co. Ltd Zurich Sells 13,749 Shares of Onsemi (NASDAQ:ON)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in Onsemi (NASDAQ:ON) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 88,526 shares of the semiconductor company’s stock after selling 13,749 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Onsemi were worth $7,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Provence Wealth Management Group acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi in the 4th quarter valued at approximately $32,000. Hanseatic Management Services Inc. acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $38,000. Headinvest LLC acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $44,000. Finally, First Pacific Financial acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $45,000. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ON. Roth Mkm boosted their target price on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Morgan Stanley lowered their price objective on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research report on Tuesday, February 6th. Evercore ISI assumed coverage on shares of Onsemi in a research report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.28.

Onsemi Trading Up 2.5 %

Shares of NASDAQ:ON traded up $1.68 during trading on Friday, reaching $68.06. The stock had a trading volume of 12,583,403 shares, compared to its average volume of 7,475,706. The firm’s fifty day moving average is $73.32 and its 200 day moving average is $75.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 6.40 and a beta of 1.80.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data 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 net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.32 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Onsemi will post 4.3 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.