Newbridge Financial Services Group Inc. Makes New $41,000 Investment in Onsemi (NASDAQ:ON)

Newbridge Financial Services Group Inc. purchased a new position in shares of Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 643 shares of the semiconductor company’s stock, valued at approximately $41,000.

Several other hedge funds have also recently added to or reduced their stakes in ON. Greenleaf Trust increased its holdings in shares of Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after buying an additional 173 shares during the period. Meridian Financial Partners LLC increased its holdings in shares of Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after buying an additional 192 shares during the period. Sentry Investment Management LLC increased its holdings in shares of Onsemi by 3.0% in the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after buying an additional 209 shares during the period. CX Institutional increased its holdings in shares of Onsemi by 5.2% in the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after buying an additional 232 shares during the period. Finally, Metis Global Partners LLC increased its holdings in shares of Onsemi by 1.8% in the third quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock worth $996,000 after buying an additional 237 shares during the period. Institutional investors own 97.70% of the company’s stock.

Onsemi Trading Up 1.9 %

Onsemi stock opened at $47.93 on Wednesday. The business has a 50-day simple moving average of $59.62 and a two-hundred day simple moving average of $67.18. The company has a market cap of $20.41 billion, a P/E ratio of 11.89, a P/E/G ratio of 10.27 and a beta of 1.62. Onsemi has a 52-week low of $46.57 and a 52-week high of $85.16. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its quarterly 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 23.80% and a return on equity of 22.38%. Analysts predict that Onsemi will post 3.99 EPS for the current year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday. Truist Financial reduced their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday. BNP Paribas reduced their price target on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Jefferies Financial Group reduced their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday. Finally, Mizuho reduced their price target on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.36.

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.