12,471 Shares in Onsemi (NASDAQ:ON) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Onsemi (NASDAQ:ON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,471 shares of the semiconductor company's stock, valued at approximately $786,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company's stock valued at $767,646,000 after purchasing an additional 309,445 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock valued at $247,226,000 after acquiring an additional 1,037,624 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Onsemi by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company's stock worth $156,884,000 after acquiring an additional 83,665 shares during the period. Robeco Schweiz AG lifted its stake in shares of Onsemi by 16.8% in the 4th quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company's stock valued at $77,804,000 after purchasing an additional 177,740 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of Onsemi by 8,367.5% during the 3rd quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company's stock valued at $81,544,000 after purchasing an additional 1,109,778 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several analysts recently issued reports on ON shares. The Goldman Sachs Group reduced their price target on shares of Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Roth Capital set a $60.00 target price on shares of Onsemi in a research report on Friday, March 7th. Susquehanna dropped their price target on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Jefferies Financial Group dropped their target price on Onsemi from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Onsemi currently has an average rating of "Moderate Buy" and an average target price of $66.50.

Onsemi Stock Performance

NASDAQ ON traded down $2.82 during trading on Friday, hitting $40.94. 10,437,180 shares of the company's stock traded hands, compared to its average volume of 7,105,551. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 16.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The business has a 50 day moving average of $48.92 and a 200-day moving average of $61.21. Onsemi has a 12-month low of $40.62 and a 12-month high of $80.08.

Onsemi (NASDAQ:ON - Get Free Report) last released 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%. As a group, equities research analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal year.

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.