Onsemi (NASDAQ:ON) Given Consensus Rating of “Moderate Buy” by Brokerages

Onsemi (NASDAQ:ON) has earned an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $66.50.

ON has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. KeyCorp cut 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. Wells Fargo & Company decreased their price target on Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group cut their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley decreased their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC grew its holdings in shares of Onsemi by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 207 shares in the last quarter. Assetmark Inc. lifted its position in Onsemi by 0.3% during the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock valued at $4,949,000 after purchasing an additional 235 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Onsemi by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock worth $424,000 after buying an additional 252 shares in the last quarter. Huntington National Bank increased its holdings in shares of Onsemi by 8.9% in the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company’s stock worth $209,000 after buying an additional 271 shares during the last quarter. Finally, Elequin Capital LP raised its position in shares of Onsemi by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 274 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

ON stock opened at $43.76 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The business has a 50-day simple moving average of $49.20 and a two-hundred day simple moving average of $61.45. The company has a market capitalization of $18.44 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 52-week low of $41.59 and a 52-week high of $80.08.

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 the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Research analysts expect that Onsemi will post 2.6 EPS for the current fiscal 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.