Onsemi (NASDAQ:ON) Given Average Rating of “Moderate Buy” by Analysts

Shares of Onsemi (NASDAQ:ON) have been given an average recommendation of “Moderate Buy” by the twenty-three research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and sixteen 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 $85.87.

Several analysts recently weighed in on the company. Truist Financial dropped their price target on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Loop Capital initiated coverage on Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target for the company. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their price objective on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $69.62 on Friday. The stock has a 50 day moving average price of $70.25 and a 200 day moving average price of $71.79. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The stock has a market capitalization of $29.64 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 7.15 and a beta of 1.65.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm posted $1.39 earnings per share. The business’s revenue was down 19.2% on a year-over-year basis. Analysts predict that Onsemi will post 4 earnings per share for the current fiscal year.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the sale, the chief executive officer now directly owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. grew its holdings in Onsemi by 12,850.0% during 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 in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 169 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Onsemi during the 2nd quarter valued at about $43,000. Institutional investors 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.