Bryce Point Capital LLC Invests $489,000 in Onsemi (NASDAQ:ON)

Bryce Point Capital LLC acquired a new position in Onsemi (NASDAQ:ON) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,755 shares of the semiconductor company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ON. Nordea Investment Management AB lifted its stake in shares of Onsemi by 25.9% in 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 period. Blue Trust Inc. lifted its position in Onsemi by 16.1% in 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 during the period. Oak Thistle LLC bought a new position in Onsemi during the 4th quarter valued at $515,000. Deltec Asset Management LLC acquired a new position in shares of Onsemi during the 4th quarter valued at $6,343,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Onsemi by 18.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock worth $14,116,000 after buying an additional 30,695 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Down 5.2 %

Shares of Onsemi stock opened at $33.70 on Friday. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 16.74 and a beta of 1.48. The stock has a 50-day simple moving average of $47.20 and a 200-day simple moving average of $60.15. Onsemi has a 52-week low of $33.21 and a 52-week high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON) last posted 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%. On average, equities research analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Mizuho cut their target price on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Susquehanna decreased their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group dropped their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

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.