Fintel reports that on July 11, 2024, Morgan Stanley downgraded their outlook for ON Semiconductor (XTRA:XS4) from Equal-Weight to Underweight.
Analyst Price Forecast Suggests 11.02% Upside
As of July 3, 2024, the average one-year price target for ON Semiconductor is 78,06 €/share. The forecasts range from a low of 50,81 € to a high of 99,89 €. The average price target represents an increase of 11.02% from its latest reported closing price of 70,31 € / share.
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The projected annual revenue for ON Semiconductor is 8,820MM. The projected annual non-GAAP EPS is 5.30.
What is the Fund Sentiment?
There are 1,808 funds or institutions reporting positions in ON Semiconductor. This is an decrease of 63 owner(s) or 3.37% in the last quarter. Average portfolio weight of all funds dedicated to XS4 is 0.30%, an increase of 14.06%. Total shares owned by institutions increased in the last three months by 0.05% to 476,989K shares.
What are Other Shareholders Doing?
FSELX - Semiconductors Portfolio holds 13,527K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 11,389K shares , representing an increase of 15.81%. The firm decreased its portfolio allocation in XS4 by 13.25% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,456K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 13,527K shares , representing a decrease of 0.53%. The firm decreased its portfolio allocation in XS4 by 20.15% over the last quarter.
Janus Henderson Group holds 11,903K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 11,940K shares , representing a decrease of 0.31%. The firm decreased its portfolio allocation in XS4 by 71.06% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,765K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 10,520K shares , representing an increase of 2.28%. The firm decreased its portfolio allocation in XS4 by 20.55% over the last quarter.
Geode Capital Management holds 10,050K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 9,810K shares , representing an increase of 2.39%. The firm decreased its portfolio allocation in XS4 by 20.22% over the last quarter.
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