Slow Capital Inc. Buys 430 Shares of Onsemi (NASDAQ:ON)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB grew its stake in Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after acquiring an additional 82,614 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Onsemi by 1.4% in the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after acquiring an additional 18,450 shares in the last quarter. Cinctive Capital Management LP purchased a new position in shares of Onsemi in the third quarter worth $1,270,000. Oak Thistle LLC acquired a new position in shares of Onsemi in the fourth quarter valued at about $515,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Onsemi by 18.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock valued at $14,116,000 after acquiring an additional 30,695 shares during the period. Institutional investors own 97.70% of the company’s stock.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Onsemi Stock Performance

NASDAQ ON opened at $53.94 on Tuesday. The stock has a market cap of $22.97 billion, a PE ratio of 13.38, a P/E/G ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a 52-week low of $53.10 and a 52-week high of $85.16. The firm has a 50-day moving average of $63.74 and a 200-day moving average of $68.94.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on ON. Wells Fargo & Company cut 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. BNP Paribas reduced their price objective on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. The Goldman Sachs Group lowered their target price on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Finally, Morgan Stanley lifted their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and a consensus price target of $81.70.

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.