Slow Capital Inc. Has $3.39 Million Stock Holdings in Onsemi (NASDAQ:ON)

Slow Capital Inc. grew its stake in shares of Onsemi (NASDAQ:ON) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,628 shares of the semiconductor company’s stock after buying an additional 474 shares during the period. Slow Capital Inc.’s holdings in Onsemi were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ON. Moneta Group Investment Advisors LLC raised its stake in Onsemi by 122,198.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,062,322 shares of the semiconductor company’s stock worth $378,107,000 after buying an additional 6,057,365 shares during the period. Norges Bank acquired a new stake in shares of Onsemi during the fourth quarter worth about $308,064,000. Alliancebernstein L.P. lifted its holdings in shares of Onsemi by 114.5% during the 4th quarter. Alliancebernstein L.P. now owns 5,139,098 shares of the semiconductor company’s stock valued at $320,526,000 after purchasing an additional 2,743,216 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Onsemi by 231.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,681,038 shares of the semiconductor company’s stock valued at $303,024,000 after purchasing an additional 2,568,864 shares during the period. Finally, Vanguard Group Inc. increased its stake in Onsemi by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 41,662,400 shares of the semiconductor company’s stock worth $2,608,483,000 after purchasing an additional 1,494,114 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ON has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research note on Tuesday, February 6th. Evercore ISI assumed coverage on Onsemi in a report on Tuesday. They set an “outperform” rating and a $104.00 target price for the company. Roth Mkm boosted their price target on shares of Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. TD Cowen increased their price target on Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.52.

Onsemi Price Performance

Shares of NASDAQ ON traded down $0.34 during midday trading on Wednesday, reaching $64.38. The company’s stock had a trading volume of 1,611,646 shares, compared to its average volume of 7,196,334. The company has a market cap of $27.67 billion, a P/E ratio of 13.24, a P/E/G ratio of 6.36 and a beta of 1.80. Onsemi has a fifty-two week low of $61.47 and a fifty-two week high of $111.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. The business’s 50 day moving average price is $75.68 and its two-hundred day moving average price is $76.84.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast that Onsemi will post 4.34 EPS for the current fiscal 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.