Lbp Am Sa Takes $2.29 Million Position in Onsemi (NASDAQ:ON)

Lbp Am Sa bought a new stake in shares of Onsemi (NASDAQ:ON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,334 shares of the semiconductor company’s stock, valued at approximately $2,291,000.

Other institutional investors also recently bought and sold shares of the company. Atria Investments Inc increased its position in Onsemi by 9.0% during the third quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor company’s stock valued at $1,112,000 after acquiring an additional 1,268 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Onsemi by 75.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company’s stock valued at $773,000 after purchasing an additional 4,569 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Onsemi by 6.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 29,674 shares of the semiconductor company’s stock valued at $2,155,000 after purchasing an additional 1,755 shares during the last quarter. Huntington National Bank grew its holdings in Onsemi by 11.9% during the 3rd quarter. Huntington National Bank now owns 3,039 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 323 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Onsemi by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock valued at $996,000 after purchasing an additional 237 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Onsemi Trading Up 2.5 %

NASDAQ:ON opened at $43.19 on Friday. Onsemi has a 52 week low of $41.59 and a 52 week high of $80.08. The firm has a 50 day moving average of $51.59 and a 200 day moving average of $63.20. 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 stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 16.74 and a beta of 1.59.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS 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%. As a group, sell-side analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of several analyst reports. Benchmark cut their price target on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Citigroup cut their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group cut their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Susquehanna cut their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Finally, 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 report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.85.

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.