Vanguard Group Inc. Buys 344,354 Shares of Onsemi (NASDAQ:ON)

Vanguard Group Inc. increased its position in shares of Onsemi (NASDAQ:ON) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 51,135,303 shares of the semiconductor company’s stock after acquiring an additional 344,354 shares during the quarter. Vanguard Group Inc. owned 0.12% of Onsemi worth $3,224,081,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Onsemi during the 4th quarter worth $279,000. KLP Kapitalforvaltning AS bought a new position in Onsemi in the fourth quarter valued at about $8,720,000. AXQ Capital LP acquired a new position in Onsemi during the fourth quarter worth about $328,000. Quantbot Technologies LP bought a new position in shares of Onsemi in the fourth quarter worth about $786,000. Finally, Virtu Financial LLC acquired a new stake in shares of Onsemi in the 4th quarter valued at approximately $1,170,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ON shares. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Jefferies Financial Group cut their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Roth Capital set a $60.00 target price on Onsemi in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. cut their price target on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Onsemi Trading Down 0.8 %

Shares of ON stock opened at $45.31 on Wednesday. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 16.74 and a beta of 1.59. The company’s fifty day simple moving average is $49.59 and its two-hundred day simple moving average is $61.69. Onsemi has a 1 year low of $41.59 and a 1 year high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON) last released its quarterly earnings data 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%. As a group, analysts anticipate 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.