Slow Capital Inc. Sells 519 Shares of Onsemi (NASDAQ:ON)

Slow Capital Inc. cut its position in shares of Onsemi (NASDAQ:ON) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,275 shares of the semiconductor company’s stock after selling 519 shares during the quarter. Slow Capital Inc.’s holdings in Onsemi were worth $3,868,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. grew its holdings in shares of Onsemi by 5,500.0% during the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after buying an additional 550 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Onsemi during the first quarter valued at approximately $45,000. Massmutual Trust Co. FSB ADV boosted its position in Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Onsemi during the second quarter valued at approximately $43,000. Finally, Oakworth Capital Inc. acquired a new position in Onsemi during the second quarter valued at approximately $53,000. 97.70% of the stock is currently owned by institutional investors.

Onsemi Price Performance

Onsemi stock opened at $68.49 on Friday. The stock’s fifty day moving average price is $72.09 and its two-hundred day moving average price is $71.43. Onsemi has a one year low of $59.34 and a one year high of $90.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. The firm has a market cap of $29.34 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 3.90 and a beta of 1.65.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $1.33 EPS. The company’s revenue was down 17.2% on a year-over-year basis. As a group, research analysts expect that Onsemi will post 4.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the transaction, the chief executive officer now owns 839,210 shares in the company, valued at approximately $61,018,959.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the transaction, the insider now owns 231,092 shares in the company, valued at approximately $18,011,310.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,939 shares of company stock worth $2,626,651 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of several recent research reports. Mizuho set a $85.00 price target on Onsemi in a research report on Friday. Roth Mkm increased their price target on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. TD Cowen increased their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Bank of America increased their price target on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Rosenblatt Securities raised their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.74.

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.