Fox Run Management L.L.C. Takes $279,000 Position in Onsemi (NASDAQ:ON)

Fox Run Management L.L.C. bought a new position in shares of Onsemi (NASDAQ:ON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,423 shares of the semiconductor company’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the 3rd quarter worth approximately $43,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi in the 4th quarter valued at $41,000. Synergy Asset Management LLC purchased a new stake in Onsemi during the fourth quarter worth $51,000. Plato Investment Management Ltd acquired a new stake in Onsemi during the fourth quarter valued at $51,000. Finally, Rakuten Securities Inc. increased its holdings in Onsemi by 434.6% in the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 691 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Down 2.8 %

Shares of NASDAQ:ON opened at $43.76 on Friday. Onsemi has a 52-week low of $41.59 and a 52-week high of $80.08. 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 business has a fifty day moving average of $49.20 and a two-hundred day moving average of $61.45. The stock has a market cap of $18.44 billion, a P/E ratio of 12.06, a PEG ratio of 16.74 and a beta of 1.59.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. On average, research analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Benchmark dropped their target price on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Needham & Company LLC restated a “buy” rating and issued a $57.00 price objective on shares of Onsemi in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. KeyCorp dropped their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, B. Riley reduced their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.