E Fund Management Co. Ltd. Purchases 3,341 Shares of Onsemi (NASDAQ:ON)

E Fund Management Co. Ltd. raised its position in shares of Onsemi (NASDAQ:ON) by 32.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,680 shares of the semiconductor company’s stock after acquiring an additional 3,341 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Onsemi were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Onsemi during the third quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi during the third quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new position in Onsemi during the fourth quarter valued at $41,000. Safe Harbor Fiduciary LLC bought a new position in Onsemi during the third quarter valued at $43,000. Finally, Synergy Asset Management LLC bought a new position in Onsemi during the fourth quarter valued at $51,000. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ON. JPMorgan Chase & Co. dropped their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley dropped their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Craig Hallum dropped their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Citigroup dropped their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, UBS Group dropped their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Two 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 company. Based on data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and an average price target of $67.12.

Onsemi Trading Up 3.5 %

NASDAQ ON opened at $45.40 on Friday. The stock’s 50-day simple moving average is $54.00 and its two-hundred day simple moving average is $64.64. Onsemi has a twelve month low of $43.33 and a twelve month high of $83.64. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $19.13 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 16.74 and a beta of 1.59.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Research analysts forecast that Onsemi will post 2.6 EPS for the current fiscal 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.