UniSuper Management Pty Ltd Increases Stock Position in Onsemi (NASDAQ:ON)

UniSuper Management Pty Ltd grew its stake in Onsemi (NASDAQ:ON) by 9.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,977 shares of the semiconductor company’s stock after acquiring an additional 8,334 shares during the period. UniSuper Management Pty Ltd’s holdings in Onsemi were worth $6,051,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ON. Newbridge Financial Services Group Inc. purchased a new position in Onsemi in the 4th quarter valued at approximately $41,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the third quarter valued at $43,000. Synergy Asset Management LLC purchased a new position in Onsemi in the fourth quarter valued at $51,000. Plato Investment Management Ltd acquired a new position in Onsemi during the 4th quarter worth $51,000. Finally, Rakuten Securities Inc. increased its holdings in Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 691 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Price Performance

Shares of Onsemi stock opened at $43.76 on Friday. The firm has a fifty day moving average price of $49.20 and a two-hundred day moving average price of $61.45. Onsemi has a fifty-two week low of $41.59 and a fifty-two 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. The company has a market cap of $18.44 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59.

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 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ON. KeyCorp decreased their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Rosenblatt Securities restated a “neutral” rating and set a $49.00 target price on shares of Onsemi in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Craig Hallum lowered their price target on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Two investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.