Newbridge Financial Services Group Inc. Invests $41,000 in Onsemi (NASDAQ:ON)

Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi (NASDAQ:ON) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 643 shares of the semiconductor company’s stock, valued at approximately $41,000.

Several other hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Onsemi by 288.9% during the 4th quarter. Empowered Funds LLC now owns 160,770 shares of the semiconductor company’s stock worth $10,137,000 after acquiring an additional 119,428 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Onsemi by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,330 shares of the semiconductor company’s stock worth $2,858,000 after acquiring an additional 1,092 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Onsemi by 3.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,098,616 shares of the semiconductor company’s stock worth $69,268,000 after acquiring an additional 36,793 shares in the last quarter. Deltec Asset Management LLC bought a new position in shares of Onsemi during the 4th quarter valued at approximately $6,343,000. Finally, E. Ohman J or Asset Management AB increased its position in shares of Onsemi by 14.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 18,900 shares of the semiconductor company’s stock valued at $1,192,000 after purchasing an additional 2,400 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Price Performance

ON opened at $47.93 on Wednesday. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $59.62 and its 200-day simple moving average is $67.18. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 10.27 and a beta of 1.62.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. On average, equities research analysts anticipate that Onsemi will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ON shares. Craig Hallum cut their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday. BNP Paribas cut their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. KeyCorp cut their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Susquehanna cut their target price on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and an average target price of $69.36.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

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.