Onsemi (NASDAQ:ON) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its holdings in shares of Onsemi (NASDAQ:ON) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,067 shares of the semiconductor company’s stock after acquiring an additional 3,527 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Onsemi were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in Onsemi in the 4th quarter worth $41,000. Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the 3rd quarter worth $43,000. Synergy Asset Management LLC acquired a new position in Onsemi in the 4th quarter worth $51,000. Plato Investment Management Ltd acquired a new position in Onsemi in the 4th quarter worth $51,000. Finally, Rakuten Securities Inc. lifted its holdings in Onsemi by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after buying an additional 691 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ON. B. Riley dropped their target price on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. KeyCorp dropped their target price on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group dropped their target price 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. JPMorgan Chase & Co. dropped their target price 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. Finally, Stifel Nicolaus dropped their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.85.

Onsemi Trading Up 0.4 %

Onsemi stock opened at $43.58 on Thursday. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $50.50 and a two-hundred day moving average price of $62.52. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 16.74 and a beta of 1.59. Onsemi has a 52-week low of $41.59 and a 52-week high of $80.08.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Sell-side analysts expect that Onsemi will post 2.6 earnings per share for the current year.

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.