7,755 Shares in Onsemi (NASDAQ:ON) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,755 shares of the semiconductor company’s stock, valued at approximately $489,000.

A number of other large investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after purchasing an additional 82,614 shares during the period. Blue Trust Inc. increased its position in shares of Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after acquiring an additional 1,119 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Onsemi in the 4th quarter valued at $515,000. Deltec Asset Management LLC acquired a new position in shares of Onsemi during the 4th quarter valued at $6,343,000. Finally, Public Employees Retirement System of Ohio boosted its position in Onsemi by 18.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock worth $14,116,000 after purchasing an additional 30,695 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group cut their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $57.00 price target on shares of Onsemi in a research report on Monday, March 3rd. Susquehanna decreased their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Benchmark dropped their price objective on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Mizuho decreased their target price on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Onsemi Stock Down 5.2 %

Shares of Onsemi stock opened at $33.70 on Friday. Onsemi has a twelve month low of $33.21 and a twelve month high of $80.08. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 16.74 and a beta of 1.48. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $47.20 and its 200-day simple moving average is $60.15.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Equities research analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

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.