47,925 Shares in Onsemi (NASDAQ:ON) Bought by one8zero8 LLC

one8zero8 LLC bought a new position in shares of Onsemi (NASDAQ:ON) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,925 shares of the semiconductor company’s stock, valued at approximately $3,022,000.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the fourth quarter worth $41,000. Safe Harbor Fiduciary LLC acquired a new position in Onsemi during the third quarter worth $43,000. Synergy Asset Management LLC acquired a new position in Onsemi during the fourth quarter worth $51,000. Plato Investment Management Ltd acquired a new position in Onsemi during the fourth quarter worth $51,000. Finally, Rakuten Securities Inc. increased its holdings in Onsemi by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after buying an additional 691 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Trading Up 2.5 %

ON opened at $43.19 on Friday. Onsemi has a twelve month low of $41.59 and a twelve month high of $80.08. The company has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $63.20. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 16.74 and a beta of 1.59.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 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%. Analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on ON shares. Truist Financial decreased their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Jefferies Financial Group decreased their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Craig Hallum decreased their price objective on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Finally, UBS Group decreased their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.85.

Onsemi Company 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.