Onsemi (NASDAQ:ON) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Onsemi (NASDAQ:ON) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,014,671 shares of the semiconductor company’s stock after acquiring an additional 771,610 shares during the quarter. Dimensional Fund Advisors LP owned about 1.18% of Onsemi worth $316,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Truvestments Capital LLC lifted its holdings in Onsemi by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after buying an additional 207 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Onsemi by 0.3% in the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock worth $4,949,000 after acquiring an additional 235 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Onsemi by 3.9% during the 4th quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 252 shares in the last quarter. Huntington National Bank increased its holdings in Onsemi by 8.9% during the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 271 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its position in shares of Onsemi by 6.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 282 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ON has been the subject of a number of research analyst reports. Truist Financial dropped their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Roth Mkm dropped their target price on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. UBS Group reduced their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup lowered their price objective on Onsemi from $52.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Mizuho reduced their target price on Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.52.

Onsemi Trading Up 1.1 %

Shares of ON stock opened at $34.64 on Monday. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08. The firm has a market capitalization of $14.62 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The stock has a fifty day moving average of $43.28 and a two-hundred day moving average of $57.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. As a group, research analysts expect that Onsemi will post 2.6 EPS for the current 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.