143,866 Shares in Onsemi (NASDAQ:ON) Bought by Vivaldi Capital Management LP

Vivaldi Capital Management LP bought a new position in Onsemi (NASDAQ:ON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 143,866 shares of the semiconductor company's stock, valued at approximately $9,071,000. Onsemi comprises about 1.4% of Vivaldi Capital Management LP's portfolio, making the stock its 22nd largest position.

Other institutional investors also recently modified their holdings of the company. Twinbeech Capital LP bought a new stake in shares of Onsemi during the fourth quarter worth approximately $291,000. Triglav Skladi D.O.O. bought a new stake in shares of Onsemi during the fourth quarter worth approximately $320,000. Two Sigma Investments LP raised its stake in shares of Onsemi by 389.6% during the fourth quarter. Two Sigma Investments LP now owns 205,836 shares of the semiconductor company's stock worth $12,978,000 after buying an additional 163,796 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Onsemi by 37.9% during the fourth quarter. Tidal Investments LLC now owns 30,590 shares of the semiconductor company's stock worth $1,929,000 after buying an additional 8,407 shares during the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Onsemi during the fourth quarter worth approximately $304,000. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities reissued a "neutral" rating and set a $42.00 price target on shares of Onsemi in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of Onsemi from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Mizuho lowered 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. Susquehanna lowered their target price on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating for the company in a research note on Tuesday, February 11th. Finally, Roth Capital set a $60.00 target price on shares of Onsemi in a research note on Friday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.12.

Onsemi Stock Down 1.4%

Shares of Onsemi stock traded down $0.60 on Wednesday, hitting $43.66. The company had a trading volume of 8,595,728 shares, compared to its average volume of 7,769,169. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. The stock has a 50-day moving average of $39.84 and a 200-day moving average of $52.53. The firm has a market capitalization of $18.24 billion, a P/E ratio of 12.03, 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 current ratio of 5.06 and a quick ratio of 3.38.

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