Fox Run Management L.L.C. Buys Shares of 4,423 Onsemi (NASDAQ:ON)

Fox Run Management L.L.C. purchased a new stake in shares of Onsemi (NASDAQ:ON) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,423 shares of the semiconductor company’s stock, valued at approximately $279,000.

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

Onsemi Stock Performance

NASDAQ ON opened at $43.76 on Friday. The company has a fifty day moving average of $49.20 and a two-hundred day moving average of $61.45. The company has a market capitalization of $18.44 billion, a PE ratio of 12.06, a P/E/G ratio of 16.74 and a beta of 1.59. 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 announced 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%. As a group, analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ON shares. Rosenblatt Securities restated a “neutral” rating and set a $49.00 target price on shares of Onsemi in a report on Thursday, February 27th. UBS Group dropped their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus cut their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company decreased their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut their price objective on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.50.

Onsemi 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.