V Square Quantitative Management LLC Acquires 252 Shares of Onsemi (NASDAQ:ON)

V Square Quantitative Management LLC boosted its position in shares of Onsemi (NASDAQ:ON) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,727 shares of the semiconductor company’s stock after buying an additional 252 shares during the quarter. V Square Quantitative Management LLC’s holdings in Onsemi were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter worth $33,000. GHP Investment Advisors Inc. boosted its stake in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the fourth quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi during the third quarter valued at $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Onsemi Trading Up 1.8 %

Onsemi stock opened at $51.83 on Friday. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16. The stock’s 50 day simple moving average is $58.71 and its two-hundred day simple moving average is $66.72. The firm has a market cap of $21.84 billion, a PE ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last released its quarterly earnings data 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 return on equity of 22.38% and a net margin of 23.80%. Analysts anticipate that Onsemi will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 target price on shares of Onsemi in a research note on Friday, February 7th. Stifel Nicolaus lowered their price objective 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. Morgan Stanley lowered their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Craig Hallum lowered their price objective on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Truist Financial lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.16.

About Onsemi

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.