6,719 Shares in Onsemi (NASDAQ:ON) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Onsemi (NASDAQ:ON) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 6,719 shares of the semiconductor company’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the third quarter valued at approximately $43,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Onsemi during the 4th quarter valued at $41,000. Synergy Asset Management LLC acquired a new position in shares of Onsemi in the 4th quarter valued at $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 stake in shares of Onsemi by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 691 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Trading Down 6.4 %

Shares of NASDAQ:ON opened at $40.94 on Monday. The stock has a market capitalization of $17.25 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The company’s 50-day moving average price is $48.92 and its two-hundred day moving average price is $61.14. 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 has a one year low of $40.62 and a one year high of $80.08.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS 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, equities analysts forecast that Onsemi will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Citigroup reduced their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Onsemi in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

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.