Onsemi (NASDAQ:ON) Shares Bought by Slow Capital Inc.

Slow Capital Inc. grew its holdings in shares of Onsemi (NASDAQ:ON) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,705 shares of the semiconductor company’s stock after buying an additional 430 shares during the period. Slow Capital Inc.’s holdings in Onsemi were worth $3,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA raised its position in Onsemi by 7.4% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 101,789 shares of the semiconductor company’s stock worth $6,418,000 after buying an additional 7,032 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Onsemi by 21.5% in the fourth quarter. Pacer Advisors Inc. now owns 75,692 shares of the semiconductor company’s stock valued at $4,772,000 after purchasing an additional 13,412 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 1,119 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Onsemi by 9.9% during the fourth quarter. AlphaMark Advisors LLC now owns 9,958 shares of the semiconductor company’s stock worth $628,000 after acquiring an additional 897 shares during the last quarter. Finally, Olstein Capital Management L.P. acquired a new position in Onsemi in the fourth quarter valued at $4,792,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’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 transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ON shares. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. TD Cowen dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Finally, KeyCorp dropped their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.70.

Onsemi Stock Performance

Shares of ON opened at $53.94 on Tuesday. The stock’s fifty day moving average price is $63.74 and its two-hundred day moving average price is $68.94. Onsemi has a 1 year low of $53.10 and a 1 year high of $85.16. The firm has a market cap of $22.97 billion, a PE ratio of 13.38, a PEG ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business earned $1.39 EPS. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, equities research analysts forecast that Onsemi will post 4 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.