Farringdon Capital Ltd. Invests $684,000 in Onsemi (NASDAQ:ON)

Farringdon Capital Ltd. acquired a new stake in Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,847 shares of the semiconductor company’s stock, valued at approximately $684,000.

A number of other institutional investors also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in Onsemi in the fourth quarter worth approximately $41,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onsemi during the fourth quarter valued at approximately $43,000. Synergy Asset Management LLC bought a new position in shares of Onsemi in the 4th quarter worth $51,000. Plato Investment Management Ltd bought a new position in shares of Onsemi in the 4th quarter worth $51,000. Finally, Rakuten Securities Inc. grew its position in 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 purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Price Performance

ON opened at $34.25 on Thursday. The firm has a 50-day moving average price of $43.79 and a 200-day moving average price of $57.74. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. 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 company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 16.74 and a beta of 1.48.

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 the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Equities analysts expect that Onsemi will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ON shares. UBS Group dropped their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus cut their target price on Onsemi from $60.00 to $52.00 and set a “hold” 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 issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.92.

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.