3,322 Shares in Onsemi (NASDAQ:ON) Purchased by Parametrica Management Ltd

Parametrica Management Ltd purchased a new position in Onsemi (NASDAQ:ON) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,322 shares of the semiconductor company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ON. Vanguard Group Inc. lifted its holdings in shares of Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock worth $3,224,081,000 after buying an additional 344,354 shares in the last quarter. Geode Capital Management LLC lifted its stake in Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after purchasing an additional 309,445 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Onsemi by 35.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after purchasing an additional 1,037,624 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Onsemi by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company’s stock valued at $156,884,000 after purchasing an additional 83,665 shares in the last quarter. Finally, Robeco Schweiz AG increased its holdings in shares of Onsemi by 16.8% in the fourth quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock worth $77,804,000 after purchasing an additional 177,740 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Stock Down 0.8 %

ON stock opened at $45.31 on Wednesday. The stock has a market capitalization of $19.09 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 52 week low of $41.59 and a 52 week high of $80.08. 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 firm has a 50 day moving average of $49.59 and a 200 day moving average of $61.69.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group lowered their target price on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Susquehanna dropped their price objective on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research note on Tuesday, February 11th. Roth Mkm decreased their target price on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus dropped 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. Finally, Citigroup decreased their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

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.