V Square Quantitative Management LLC Purchases 690 Shares of Onsemi (NASDAQ:ON)

V Square Quantitative Management LLC raised its holdings in shares of Onsemi (NASDAQ:ON) by 35.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,612 shares of the semiconductor company’s stock after purchasing an additional 690 shares during the quarter. V Square Quantitative Management LLC’s holdings in Onsemi were worth $218,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ON. Perigon Wealth Management LLC raised its position in Onsemi by 7.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 177 shares during the last quarter. STF Management LP lifted its position in shares of Onsemi by 2.5% during the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 178 shares in the last quarter. Quent Capital LLC grew its position in Onsemi by 25.3% in the 4th quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 198 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Onsemi by 2.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,539 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 213 shares during the last quarter. Finally, Syon Capital LLC lifted its position in shares of Onsemi by 6.0% during the 4th quarter. Syon Capital LLC now owns 4,045 shares of the semiconductor company’s stock worth $338,000 after buying an additional 229 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group started coverage on Onsemi in a research report on Monday, May 13th. They set a “buy” rating and a $100.00 price target for the company. BNP Paribas reissued an “underperform” rating and issued a $55.00 price target on shares of Onsemi in a report on Friday, April 19th. Mizuho decreased their price objective on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.28.

Onsemi Stock Performance

Onsemi stock opened at $70.73 on Tuesday. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The stock has a market cap of $30.43 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.28 and a beta of 1.71. The firm’s fifty day moving average price is $70.46 and its 200-day moving average price is $74.79.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. On average, equities research analysts expect that Onsemi will post 3.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Onsemi news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total value of $67,833.06. Following the sale, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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.