Onsemi (NASDAQ:ON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Onsemi (NASDAQ:ON) have earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $83.35.

Several equities analysts have recently issued reports on ON shares. Robert W. Baird boosted their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. TD Cowen decreased their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 25th. Morgan Stanley increased their target price on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 10th.

Insider Activity at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s 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 transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after acquiring an additional 82,614 shares during the period. Natixis Advisors LLC lifted its holdings in Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after purchasing an additional 18,450 shares during the last quarter. Cinctive Capital Management LP bought a new stake in Onsemi in the 3rd quarter valued at $1,270,000. Public Employees Retirement System of Ohio grew its holdings in Onsemi by 18.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 194,409 shares of the semiconductor company’s stock valued at $14,116,000 after buying an additional 30,695 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Onsemi during the 3rd quarter worth $1,087,000. 97.70% of the stock is owned by institutional investors.

Onsemi Trading Down 3.1 %

Shares of NASDAQ ON opened at $53.51 on Friday. Onsemi has a fifty-two week low of $53.10 and a fifty-two week high of $85.16. The firm has a market capitalization of $22.78 billion, a P/E ratio of 13.28, a P/E/G ratio of 5.29 and a beta of 1.64. 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 simple moving average is $65.58 and its 200 day simple moving average is $69.89.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts predict that Onsemi will post 3.99 EPS for the current year.

Onsemi Company Profile

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.