10,177 Shares in Onsemi (NASDAQ:ON) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,177 shares of the semiconductor company’s stock, valued at approximately $642,000.

Several other large investors also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in shares of Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi in the third quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in Onsemi in the fourth quarter valued at approximately $41,000. Safe Harbor Fiduciary LLC bought a new stake in Onsemi in the third quarter valued at approximately $43,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Onsemi during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

NASDAQ ON opened at $44.91 on Tuesday. The company has a market cap of $18.93 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61. The stock’s 50 day simple moving average is $55.80 and its 200-day simple moving average is $65.35. Onsemi has a 1-year low of $44.67 and a 1-year high of $85.16. 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 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 net margin of 22.21% and a return on equity of 20.10%. As a group, equities research analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ON. JPMorgan Chase & Co. reduced their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Truist Financial cut their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group lowered their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company lowered their price target on Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Finally, UBS Group lowered their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

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.