Oxford Asset Management LLP Takes Position in Onsemi (NASDAQ:ON)

Oxford Asset Management LLP acquired a new position in Onsemi (NASDAQ:ON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,333 shares of the semiconductor company's stock, valued at approximately $588,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the period. Norges Bank purchased a new position in shares of Onsemi in the fourth quarter valued at $378,312,000. Dimensional Fund Advisors LP boosted its stake in shares of Onsemi by 18.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after purchasing an additional 771,610 shares during the period. Capital International Investors boosted its stake in shares of Onsemi by 0.7% in the fourth quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock valued at $265,737,000 after purchasing an additional 31,365 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Onsemi by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock valued at $247,226,000 after purchasing an additional 1,037,624 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

ON has been the subject of several analyst reports. Mizuho decreased 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. Morgan Stanley reduced their price objective on shares of Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on shares of Onsemi from $52.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group reduced their price objective on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Finally, Roth Mkm reduced their price objective on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Onsemi has a consensus rating of "Moderate Buy" and a consensus price target of $61.24.

Onsemi Price Performance

ON traded up $0.84 during trading on Wednesday, reaching $39.70. The stock had a trading volume of 7,280,895 shares, compared to its average volume of 7,448,427. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. 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 has a 1-year low of $31.04 and a 1-year high of $80.08. The stock has a 50 day moving average of $41.23 and a two-hundred day moving average of $55.53.

Onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates 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, equities analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

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.