11,200 Shares in Onsemi (NASDAQ:ON) Purchased by Symmetry Investments LP

Symmetry Investments LP purchased a new position in Onsemi (NASDAQ:ON) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,200 shares of the semiconductor company’s stock, valued at approximately $936,000.

A number of other large investors also recently bought and sold shares of the business. Provence Wealth Management Group purchased a new stake in Onsemi during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at approximately $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at approximately $33,000. Private Wealth Management Group LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Onsemi in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Down 0.9 %

ON opened at $72.84 on Tuesday. The business’s 50-day simple moving average is $70.07 and its 200-day simple moving average is $74.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a one year low of $59.34 and a one year high of $111.35. The stock has a market capitalization of $31.34 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 3.29 and a beta of 1.71.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Analysts anticipate that Onsemi will post 3.83 EPS for the current year.

Insider Activity at Onsemi

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now owns 48,929 shares in the company, valued at approximately $3,643,253.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ON shares. Needham & Company LLC restated a “buy” rating and issued a $92.00 price target on shares of Onsemi in a research report on Tuesday, April 30th. KeyCorp lowered their price objective on Onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. Mizuho lowered their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Benchmark lowered their price objective on Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Susquehanna lowered their price objective on Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.28.

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.