Onsemi (NASDAQ:ON) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its stake in Onsemi (NASDAQ:ON) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,727 shares of the semiconductor company’s stock after acquiring an additional 252 shares during the quarter. V Square Quantitative Management LLC’s holdings in Onsemi were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. increased its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi during the 4th quarter worth about $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth about $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ON. KeyCorp cut their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Loop Capital began coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a research report on Friday, February 7th. Roth Mkm lowered their target price on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup lowered their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Price Performance

Shares of NASDAQ ON opened at $51.83 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The firm has a market capitalization of $21.84 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. The stock’s 50-day simple moving average is $58.71 and its 200-day simple moving average is $66.72.

Onsemi (NASDAQ:ON) last issued its 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 22.38% and a net margin of 23.80%. As a group, equities research analysts forecast that Onsemi will post 3.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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.