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

Onsemi (NASDAQ:ON) has been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $84.43.

Several research firms have issued reports on ON. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Robert W. Baird raised their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. BNP Paribas cut their price objective on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. Finally, Morgan Stanley upped their price target on shares of Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th.

Onsemi Price Performance

ON opened at $53.94 on Friday. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $66.86 and its 200-day simple moving average is $70.27. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 7.07 and a beta of 1.64. Onsemi has a 12-month low of $53.60 and a 12-month high of $85.16.

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. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. On average, equities research analysts anticipate that Onsemi will post 4 earnings per share for the current fiscal year.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

Several large investors have recently modified their holdings of ON. Capital Performance Advisors LLP acquired a new stake in Onsemi in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the third quarter valued at $33,000. GHP Investment Advisors Inc. raised its holdings in shares of 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. Safe Harbor Fiduciary LLC acquired a new position in Onsemi during the 3rd quarter worth about $43,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Onsemi by 42.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 269 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.