Paradigm Asset Management Co. LLC Makes New Investment in Onsemi (NASDAQ:ON)

Paradigm Asset Management Co. LLC acquired a new stake in Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,900 shares of the semiconductor company’s stock, valued at approximately $120,000.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position in shares of Onsemi by 1,126.2% during the fourth quarter. Venturi Wealth Management LLC now owns 6,548 shares of the semiconductor company’s stock worth $413,000 after acquiring an additional 6,014 shares during the last quarter. D.A. Davidson & CO. grew its stake in Onsemi by 9.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,698 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 637 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Onsemi by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 136,971 shares of the semiconductor company’s stock valued at $8,636,000 after purchasing an additional 4,068 shares in the last quarter. DDD Partners LLC acquired a new position in shares of Onsemi in the 4th quarter valued at approximately $10,341,000. Finally, Principal Securities Inc. boosted its stake in shares of Onsemi by 26.9% during the 4th quarter. Principal Securities Inc. now owns 3,972 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. KeyCorp lowered their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.16.

Onsemi Stock Performance

ON opened at $54.05 on Friday. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The stock has a market cap of $22.78 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 16.67 and a beta of 1.61. The business’s 50 day moving average is $57.39 and its 200-day moving average is $66.13. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last announced 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%. On average, analysts predict that Onsemi will post 2.6 earnings per share for the current year.

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.