Parametrica Management Ltd Invests $209,000 in Onsemi (NASDAQ:ON)

Parametrica Management Ltd acquired a new stake in shares of Onsemi (NASDAQ:ON) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,322 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Onsemi by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after purchasing an additional 309,445 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Onsemi by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company’s stock worth $156,884,000 after buying an additional 83,665 shares in the last quarter. Finally, Robeco Schweiz AG lifted its holdings in Onsemi by 16.8% in the fourth quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock worth $77,804,000 after buying an additional 177,740 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup decreased their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Mizuho decreased their price objective on Onsemi from $71.00 to $62.00 and set an “outperform” rating for the company in a report on Monday. Stifel Nicolaus reduced their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. B. Riley dropped their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group decreased their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.50.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $45.31 on Wednesday. The firm’s 50 day moving average price is $49.59 and its 200-day moving average price is $61.69. 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 stock has a market capitalization of $19.09 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a twelve month low of $41.59 and a twelve month high of $80.08.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results 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%. Equities research analysts expect that Onsemi will post 2.6 EPS for the current year.

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.