PKO Investment Management Joint Stock Co Invests $3.78 Million in Onsemi (NASDAQ:ON)

PKO Investment Management Joint Stock Co acquired a new position in Onsemi (NASDAQ:ON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,000 shares of the semiconductor company's stock, valued at approximately $3,783,000.

Several other institutional investors have also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Onsemi in the fourth quarter worth about $17,873,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Onsemi during the fourth quarter worth about $4,640,000. Mackenzie Financial Corp grew its position in shares of Onsemi by 23.1% during the fourth quarter. Mackenzie Financial Corp now owns 58,435 shares of the semiconductor company's stock worth $3,684,000 after purchasing an additional 10,967 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Onsemi during the fourth quarter worth about $5,088,000. Finally, GTS Securities LLC grew its position in shares of Onsemi by 42.9% during the fourth quarter. GTS Securities LLC now owns 58,012 shares of the semiconductor company's stock worth $3,658,000 after purchasing an additional 17,429 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Onsemi Trading Down 2.6%

Shares of ON stock traded down $1.10 on Friday, reaching $41.84. 10,184,926 shares of the company's stock were exchanged, compared to its average volume of 7,839,215. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $17.48 billion, a PE ratio of 11.53, a P/E/G ratio of 16.74 and a beta of 1.39. The company's fifty day simple moving average is $39.57 and its 200 day simple moving average is $50.93.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $1.08 EPS. Onsemi's quarterly revenue was down 22.4% compared to the same quarter last year. As a group, analysts forecast that Onsemi will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

ON has been the subject of several research analyst reports. Roth Capital set a $60.00 target price on Onsemi in a research report on Friday, March 7th. Truist Financial cut their target price on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group cut their price target on Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a report on Monday, February 10th. Rosenblatt Securities restated a "neutral" rating and set a $42.00 price target on shares of Onsemi in a report on Tuesday, May 6th. Finally, Citigroup cut their price target on Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.12.

About Onsemi

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.