Dynamic Technology Lab Private Ltd Takes Position in Onsemi (NASDAQ:ON)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Onsemi (NASDAQ:ON) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 18,868 shares of the semiconductor company’s stock, valued at approximately $1,190,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ON. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the 4th quarter worth about $41,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Onsemi in the fourth quarter worth about $43,000. Synergy Asset Management LLC bought a new stake in Onsemi during the 4th quarter valued at approximately $51,000. Plato Investment Management Ltd purchased a new position in shares of Onsemi during the 4th quarter worth approximately $51,000. Finally, Rakuten Securities Inc. raised its position in shares of 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 acquiring an additional 691 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

ON opened at $33.70 on Friday. The company’s 50 day moving average is $47.20 and its 200 day moving average is $60.07. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 16.74 and a beta of 1.48. Onsemi has a 12-month low of $33.21 and a 12-month high of $80.08.

Onsemi (NASDAQ:ON) last issued 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%. On average, equities research analysts predict that Onsemi will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Roth Capital set a $60.00 price target on shares of Onsemi in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Citigroup decreased their target price on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group dropped their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

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.