Heartland Advisors Inc. Acquires 124,252 Shares of Onsemi (NASDAQ:ON)

Heartland Advisors Inc. increased its holdings in shares of Onsemi (NASDAQ:ON) by 129.8% during the 4th quarter, HoldingsChannel reports. The firm owned 219,972 shares of the semiconductor company’s stock after purchasing an additional 124,252 shares during the period. Heartland Advisors Inc.’s holdings in Onsemi were worth $13,869,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi in the fourth quarter valued at approximately $41,000. Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the 3rd quarter worth $43,000. Synergy Asset Management LLC bought a new position in Onsemi during the 4th quarter worth about $51,000. Plato Investment Management Ltd acquired a new stake in shares of Onsemi in the 4th quarter valued at about $51,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Onsemi by 434.6% in the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 691 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Down 2.8 %

Onsemi stock opened at $43.76 on Friday. Onsemi has a twelve month low of $41.59 and a twelve month high of $80.08. The stock has a market cap of $18.44 billion, a P/E ratio of 12.06, a P/E/G ratio of 16.74 and a beta of 1.59. The company’s 50-day moving average price is $49.20 and its two-hundred day moving average price is $61.45. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ON shares. Stifel Nicolaus dropped their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $49.00 price objective on shares of Onsemi in a research report on Thursday, February 27th. UBS Group decreased their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. KeyCorp cut their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, B. Riley decreased their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and a consensus price target 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.