36,334 Shares in Onsemi (NASDAQ:ON) Purchased by Lbp Am Sa

Lbp Am Sa purchased a new position in Onsemi (NASDAQ:ON) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,334 shares of the semiconductor company’s stock, valued at approximately $2,291,000.

A number of other hedge funds also recently bought and sold shares of ON. Atria Investments Inc boosted its stake in Onsemi by 9.0% in the 3rd quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor company’s stock worth $1,112,000 after purchasing an additional 1,268 shares in the last quarter. Apollon Wealth Management LLC raised its position in Onsemi by 75.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company’s stock worth $773,000 after buying an additional 4,569 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Onsemi by 6.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 29,674 shares of the semiconductor company’s stock worth $2,155,000 after buying an additional 1,755 shares during the last quarter. Huntington National Bank raised its position in Onsemi by 11.9% in the 3rd quarter. Huntington National Bank now owns 3,039 shares of the semiconductor company’s stock worth $221,000 after buying an additional 323 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in Onsemi by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock worth $996,000 after buying an additional 237 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Trading Up 2.5 %

ON stock opened at $43.19 on Friday. Onsemi has a 1-year low of $41.59 and a 1-year high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 16.74 and a beta of 1.59. The business has a 50 day simple moving average of $51.59 and a two-hundred day simple moving average of $63.20.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. Research analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $49.00 target price on shares of Onsemi in a research report on Thursday, February 27th. Stifel Nicolaus decreased their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. UBS Group reduced their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.85.

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.