10,250 Shares in Onsemi (NASDAQ:ON) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new stake in Onsemi (NASDAQ:ON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,250 shares of the semiconductor company's stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ON. Norges Bank acquired a new stake in Onsemi in the fourth quarter valued at approximately $378,312,000. 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 valued at $780,387,000 after purchasing an additional 1,041,989 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Onsemi by 35.0% during 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. Freestone Grove Partners LP purchased a new stake in shares of Onsemi during the fourth quarter valued at approximately $62,426,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Onsemi by 18.2% during 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. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of NASDAQ ON traded up $0.42 during midday trading on Tuesday, reaching $44.26. 5,356,030 shares of the company traded hands, compared to its average volume of 7,752,131. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08. The stock has a 50-day moving average price of $39.78 and a 200 day moving average price of $52.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 16.74 and a beta of 1.39.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly 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 firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the business earned $1.08 earnings per share. Onsemi's revenue for the quarter was down 22.4% compared to the same quarter last year. Sell-side analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the topic of a number of analyst reports. Benchmark dropped their price objective on shares of Onsemi from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Roth Capital set a $60.00 price objective on shares of Onsemi in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on shares of Onsemi from $60.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Citigroup decreased their price target on shares of Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Onsemi from $52.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.