Bridgewater Associates LP cut its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 676,720 shares of the semiconductor company's stock after selling 446,321 shares during the quarter. Bridgewater Associates LP owned 0.16% of Onsemi worth $42,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in ON. Nordea Investment Management AB boosted its stake in shares of Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock valued at $25,724,000 after purchasing an additional 82,614 shares in the last quarter. Blue Trust Inc. boosted its position in Onsemi by 16.1% during the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after buying an additional 1,119 shares during the period. Oak Thistle LLC bought a new position in shares of Onsemi during the fourth quarter valued at about $515,000. Deltec Asset Management LLC purchased a new position in shares of Onsemi in the fourth quarter worth about $6,343,000. Finally, World Investment Advisors LLC bought a new stake in shares of Onsemi in the 3rd quarter valued at about $1,087,000. Institutional investors own 97.70% of the company's stock.
Onsemi Stock Up 1.1 %
ON traded up $0.39 during trading on Friday, hitting $34.64. 5,825,160 shares of the company's stock traded hands, compared to its average volume of 7,505,707. The company's 50 day simple moving average is $43.28 and its two-hundred day simple moving average is $57.22. 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 stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 16.74 and a beta of 1.48. Onsemi has a 12-month low of $31.04 and a 12-month high of $80.08.
Onsemi (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Analysts predict that Onsemi will post 2.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ON has been the subject of several recent research reports. Citigroup lowered their price objective on Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on shares of Onsemi from $88.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. B. Riley cut their target price on Onsemi from $90.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Benchmark dropped their price objective on Onsemi from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Stifel Nicolaus reduced their target price on Onsemi from $52.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Onsemi has a consensus rating of "Hold" and a consensus target price of $63.52.
Read Our Latest Stock Report on Onsemi
Onsemi Profile
(
Free Report)
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.
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