one8zero8 LLC bought a new position in shares of Onsemi (NASDAQ:ON – Free Report) 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.
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.
View Our Latest Report on Onsemi
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.
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