3,253 Shares in Onsemi (NASDAQ:ON) Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC acquired a new position in shares of Onsemi (NASDAQ:ON) during the 4th quarter, Holdings Channel reports. The firm acquired 3,253 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi in the 4th quarter worth about $41,000. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the third quarter worth $43,000. Synergy Asset Management LLC bought a new stake in Onsemi in the fourth quarter valued at $51,000. Plato Investment Management Ltd acquired a new position in shares of Onsemi during the fourth quarter valued at $51,000. Finally, Rakuten Securities Inc. grew its position in shares of Onsemi by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 691 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Onsemi Price Performance

Shares of ON opened at $43.58 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 16.74 and a beta of 1.59. The business’s 50-day moving average is $50.50 and its 200-day moving average is $62.52. Onsemi has a fifty-two week low of $41.59 and a fifty-two week high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly 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 net margin of 22.21% and a return on equity of 20.10%. Equities research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of several recent research reports. Roth Capital set a $60.00 price objective on shares of Onsemi in a research report on Friday, March 7th. The Goldman Sachs Group lowered their target price on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Craig Hallum cut their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Mizuho decreased their target price on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Finally, Benchmark dropped their price target on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and an average price target of $66.85.

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.