V Square Quantitative Management LLC Raises Stock Holdings in Onsemi (NASDAQ:ON)

V Square Quantitative Management LLC raised its position in Onsemi (NASDAQ:ON) by 35.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,916 shares of the semiconductor company’s stock after acquiring an additional 1,541 shares during the quarter. V Square Quantitative Management LLC’s holdings in Onsemi were worth $406,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its position in Onsemi by 26.4% in the 4th quarter. Apollon Wealth Management LLC now owns 7,089 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 1,482 shares in the last quarter. International Assets Investment Management LLC grew its position in Onsemi by 7,749.6% in the 4th quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company’s stock valued at $6,963,000 after acquiring an additional 82,301 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Onsemi by 8.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 456,999 shares of the semiconductor company’s stock valued at $38,188,000 after acquiring an additional 35,362 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Onsemi by 7.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 9,610 shares of the semiconductor company’s stock worth $798,000 after buying an additional 637 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Onsemi during the first quarter worth about $2,447,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Up 3.7 %

NASDAQ ON traded up $2.63 during mid-day trading on Thursday, reaching $73.71. 73,987 shares of the company’s stock traded hands, compared to its average volume of 6,960,511. Onsemi has a 1-year low of $59.34 and a 1-year high of $101.30. The company has a fifty day simple moving average of $72.20 and a 200-day simple moving average of $72.97. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The company has a market cap of $31.57 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.34 and a beta of 1.69.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The business’s revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. As a group, equities research analysts expect that Onsemi will post 4.01 EPS for the current year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares in the company, valued at $18,011,310.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Thad sold 38,000 shares of Onsemi stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares in the company, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup cut Onsemi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $77.00 in a research note on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a research note on Thursday, June 13th. BNP Paribas restated an “underperform” rating and set a $55.00 price target on shares of Onsemi in a research note on Friday, April 19th. Truist Financial upped their price objective on Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus dropped their price objective on Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.61.

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.