Onsemi (NASDAQ:ON) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Onsemi (NASDAQ:ON) in a report issued on Thursday,Benzinga reports. Rosenblatt Securities currently has a $49.00 target price on the semiconductor company’s stock.

A number of other equities research analysts also recently weighed in on the company. Roth Mkm cut their target price on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. KeyCorp lowered their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus decreased their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Susquehanna decreased their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Finally, Jefferies Financial Group lowered their target price on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Stock Down 6.3 %

Shares of Onsemi stock opened at $47.38 on Thursday. The business has a 50-day moving average of $56.17 and a 200-day moving average of $65.60. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The company has a market capitalization of $19.97 billion, a PE ratio of 13.05, a P/E/G ratio of 16.74 and a beta of 1.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. As a group, equities analysts forecast that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Onsemi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi during the 3rd quarter worth $33,000. Elequin Capital LP lifted its position in Onsemi by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 274 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi in the fourth quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Onsemi during the third quarter worth about $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.