Machina Capital S.A.S. Has $792,000 Position in Onsemi (NASDAQ:ON)

Machina Capital S.A.S. grew its stake in Onsemi (NASDAQ:ON) by 327.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,566 shares of the semiconductor company’s stock after purchasing an additional 9,624 shares during the period. Machina Capital S.A.S.’s holdings in Onsemi were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. boosted its position in Onsemi by 0.3% during the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock worth $4,949,000 after buying an additional 235 shares during the period. Metis Global Partners LLC boosted its position in Onsemi by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock worth $996,000 after buying an additional 237 shares during the period. V Square Quantitative Management LLC boosted its position 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 worth $424,000 after buying an additional 252 shares during the period. Clear Creek Financial Management LLC boosted its position in Onsemi by 6.9% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock worth $275,000 after buying an additional 282 shares during the period. Finally, Savant Capital LLC raised its holdings in Onsemi by 9.9% during the 4th quarter. Savant Capital LLC now owns 3,297 shares of the semiconductor company’s stock worth $208,000 after purchasing an additional 297 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of ON stock opened at $45.40 on Friday. The firm has a market capitalization of $19.13 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The firm has a fifty day simple moving average of $53.59 and a two-hundred day simple moving average of $64.33. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12 month low of $43.33 and a 12 month high of $82.65.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data 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 20.10% and a net margin of 22.21%. Analysts forecast that Onsemi will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. UBS Group lowered their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Jefferies Financial Group lowered their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday, February 10th. Truist Financial lowered their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Onsemi 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.