Dynamic Technology Lab Private Ltd Invests $1.19 Million in Onsemi (NASDAQ:ON)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Onsemi (NASDAQ:ON) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,868 shares of the semiconductor company’s stock, valued at approximately $1,190,000.

Several other institutional investors have also bought and sold shares of ON. Public Sector Pension Investment Board grew its position in Onsemi by 8.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,409 shares of the semiconductor company’s stock worth $1,337,000 after purchasing an additional 1,500 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Onsemi by 4.7% during the third quarter. HighTower Advisors LLC now owns 49,683 shares of the semiconductor company’s stock valued at $3,601,000 after acquiring an additional 2,229 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Onsemi by 19.7% during the third quarter. Integrated Wealth Concepts LLC now owns 4,548 shares of the semiconductor company’s stock worth $330,000 after acquiring an additional 750 shares during the period. Royal London Asset Management Ltd. boosted its position in Onsemi by 2.3% in the third quarter. Royal London Asset Management Ltd. now owns 167,578 shares of the semiconductor company’s stock worth $12,168,000 after purchasing an additional 3,781 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in Onsemi by 3.7% in the third quarter. Quantinno Capital Management LP now owns 56,322 shares of the semiconductor company’s stock worth $4,090,000 after purchasing an additional 2,028 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ON. Rosenblatt Securities reiterated a “neutral” rating and set a $49.00 target price on shares of Onsemi in a research note on Thursday, February 27th. UBS Group dropped their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Craig Hallum decreased their price target on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Mizuho dropped their price objective on Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial lowered their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Onsemi Trading Down 5.2 %

Shares of Onsemi stock opened at $33.70 on Friday. The company has a 50 day simple moving average of $47.20 and a two-hundred day simple moving average of $60.07. The firm has a market cap of $14.20 billion, a PE ratio of 9.28, a PEG ratio of 16.74 and a beta of 1.48. Onsemi has a 1 year low of $33.21 and a 1 year high of $80.08. 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) last announced 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%. Analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal 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.