Gilder Gagnon Howe & Co. LLC Takes $998,000 Position in Onsemi (NASDAQ:ON)

Gilder Gagnon Howe & Co. LLC bought a new stake in Onsemi (NASDAQ:ON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,836 shares of the semiconductor company's stock, valued at approximately $998,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Onsemi in the 4th quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onsemi during the 4th quarter valued at about $43,000. Synergy Asset Management LLC bought a new stake in shares of Onsemi during the 4th quarter valued at about $51,000. Plato Investment Management Ltd bought a new stake in shares of Onsemi during the 4th quarter valued at about $51,000. Finally, Rakuten Securities Inc. boosted its position in shares of Onsemi by 434.6% during the 4th 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. Institutional investors and hedge funds own 97.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday. Citigroup reduced their target price on shares of Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Rosenblatt Securities reiterated a "neutral" rating and issued a $49.00 target price on shares of Onsemi in a research note on Thursday, February 27th. B. Riley lowered shares of Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Thursday, April 24th. Finally, Jefferies Financial Group reduced their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.24.

Onsemi Price Performance

Shares of ON stock traded up $0.84 during trading on Wednesday, hitting $39.70. The company had a trading volume of 7,280,895 shares, compared to its average volume of 7,448,427. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average is $41.23 and its two-hundred day moving average is $55.53. The stock 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. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08.

Onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) 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 predict that Onsemi will post 2.6 EPS for the current fiscal year.

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.