80,698 Shares in Onsemi (NASDAQ:ON) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new position in shares of Onsemi (NASDAQ:ON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 80,698 shares of the semiconductor company's stock, valued at approximately $5,088,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Onsemi by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after acquiring an additional 344,354 shares during the period. Janus Henderson Group PLC raised its stake in shares of Onsemi by 9.2% during the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Norges Bank acquired a new stake in shares of Onsemi during the fourth quarter worth $378,312,000. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 771,610 shares in the last quarter. Finally, Capital International Investors increased its position in Onsemi by 0.7% during the 4th quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock worth $265,737,000 after purchasing an additional 31,365 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Onsemi Trading Down 2.1%

Onsemi stock traded down $0.91 during trading on Friday, hitting $42.03. The company's stock had a trading volume of 3,614,970 shares, compared to its average volume of 7,788,385. The stock's fifty day moving average is $39.64 and its 200 day moving average is $51.35. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 16.74 and a beta of 1.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird dropped their price objective on Onsemi from $42.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC cut their price target on shares of Onsemi from $57.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Morgan Stanley began coverage on shares of Onsemi in a report on Monday, May 12th. They set an "equal weight" rating and a $39.00 price objective on the stock. Jefferies Financial Group dropped their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, Citigroup lowered their price target on Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.12.

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.