Brokerages Set Onsemi (NASDAQ:ON) PT at $80.50

Onsemi (NASDAQ:ON) has earned a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $78.63.

ON has been the topic of several research reports. Robert W. Baird increased their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Truist Financial reissued a “hold” rating and issued a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. UBS Group cut their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Rosenblatt Securities restated a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research note on Friday. Finally, Morgan Stanley cut their price objective on Onsemi from $64.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

Institutional Trading of Onsemi

A number of large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi in the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. increased its stake in Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Onsemi during the 4th quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Price Performance

Shares of ON opened at $47.04 on Thursday. The firm has a 50-day simple moving average of $60.06 and a two-hundred day simple moving average of $67.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The stock has a market cap of $20.03 billion, a PE ratio of 11.67, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last announced its 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 23.80% and a return on equity of 22.38%. As a group, analysts forecast that Onsemi will post 3.99 EPS for the current 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.