9,333 Shares in Onsemi (NASDAQ:ON) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new stake in Onsemi (NASDAQ:ON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,333 shares of the semiconductor company’s stock, valued at approximately $588,000.

A number of other institutional investors have also recently bought and sold shares of ON. Nordea Investment Management AB boosted its stake in Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after acquiring an additional 82,614 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Onsemi by 16.1% during the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after purchasing an additional 1,119 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Onsemi in the 4th quarter valued at $515,000. Deltec Asset Management LLC bought a new stake in shares of Onsemi in the 4th quarter valued at $6,343,000. Finally, World Investment Advisors LLC acquired a new stake in Onsemi during the 3rd quarter worth $1,087,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Down 0.8 %

Onsemi stock opened at $39.63 on Friday. The stock has a 50-day simple moving average of $41.87 and a 200 day simple moving average of $55.96. The stock has a market capitalization of $16.73 billion, a P/E ratio of 10.92, a PEG ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08.

Onsemi (NASDAQ:ON) last issued its 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 return on equity of 20.10% and a net margin of 22.21%. Analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ON shares. Jefferies Financial Group decreased their target price on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Craig Hallum decreased their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Benchmark dropped their target price 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. Mizuho cut their price target on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Finally, KeyCorp lowered their price objective on shares of Onsemi from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.24.

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.