Onsemi (NASDAQ:ON) Shares Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp increased its holdings in Onsemi (NASDAQ:ON) by 69.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,716 shares of the semiconductor company’s stock after acquiring an additional 1,524 shares during the quarter. J.Safra Asset Management Corp’s holdings in Onsemi were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ON. Bridgewater Associates LP raised its stake in Onsemi by 8,367.5% during the third quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock valued at $81,544,000 after buying an additional 1,109,778 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Onsemi by 19.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock valued at $145,887,000 after buying an additional 326,734 shares in the last quarter. Geode Capital Management LLC raised its stake in Onsemi by 3.0% during the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after buying an additional 309,445 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in Onsemi by 16.8% during the fourth quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock valued at $77,804,000 after buying an additional 177,740 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark lowered their target price on Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Susquehanna lowered their target price on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. KeyCorp lowered their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Loop Capital assumed coverage on Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $44.49 on Wednesday. The stock has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $65.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm has a market cap of $18.75 billion, a P/E ratio of 12.26, a PEG ratio of 16.74 and a beta of 1.61. Onsemi has a 1 year low of $43.94 and a 1 year high of $85.16.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results 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 net margin of 22.21% and a return on equity of 20.10%. Research analysts forecast that Onsemi will post 2.6 EPS for the current fiscal year.

About Onsemi

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.