Greenleaf Trust Has $426,000 Holdings in Onsemi (NASDAQ:ON)

Greenleaf Trust lessened its holdings in shares of Onsemi (NASDAQ:ON) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,105 shares of the semiconductor company’s stock after selling 317 shares during the period. Greenleaf Trust’s holdings in Onsemi were worth $426,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ON. Ballentine Partners LLC raised its stake in Onsemi by 1.7% during the third quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company’s stock worth $731,000 after buying an additional 134 shares during the last quarter. Private Trust Co. NA increased its stake in Onsemi by 13.2% in the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock valued at $119,000 after purchasing an additional 149 shares in the last quarter. Slow Capital Inc. increased its stake in Onsemi by 0.4% in the third quarter. Slow Capital Inc. now owns 40,154 shares of the semiconductor company’s stock valued at $3,732,000 after purchasing an additional 157 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Onsemi by 10.8% during the third quarter. Lindbrook Capital LLC now owns 1,773 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 173 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of Onsemi by 7.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ON. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a report on Tuesday, February 6th. Morgan Stanley reduced their price objective on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday. Truist Financial reduced their price objective on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Susquehanna restated a “positive” rating and set a $90.00 price target on shares of Onsemi in a report on Monday, April 8th. Finally, KeyCorp boosted their price target on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and an average target price of $95.28.

Onsemi Stock Performance

Onsemi stock opened at $61.68 on Wednesday. The firm’s 50 day simple moving average is $73.93 and its 200 day simple moving average is $75.84. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $26.51 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 5.92 and a beta of 1.80. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. Onsemi’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. As a group, analysts expect that Onsemi will post 4.3 earnings per share 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.