Onsemi (NASDAQ:ON) Receives Average Rating of “Moderate Buy” from Brokerages

Onsemi (NASDAQ:ON) has earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $85.87.

A number of research analysts have issued reports on ON shares. BNP Paribas reduced their price objective on Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price target on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Finally, TD Cowen dropped their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction 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 directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Several hedge funds have recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in Onsemi in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi in the third quarter worth about $33,000. GHP Investment Advisors Inc. increased its holdings in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi in the 3rd quarter valued at about $43,000. Finally, International Assets Investment Management LLC purchased a new stake in Onsemi during the 2nd quarter valued at about $43,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 1.9 %

ON opened at $67.90 on Wednesday. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company’s 50-day moving average is $68.82 and its 200 day moving average is $71.05. The firm has a market capitalization of $28.91 billion, a P/E ratio of 16.85, a PEG ratio of 7.07 and a beta of 1.63.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 EPS. Research analysts expect that Onsemi will post 4 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.