B. Riley Has Lowered Expectations for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price objective decreased by investment analysts at B. Riley from $100.00 to $90.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price suggests a potential upside of 65.14% from the company’s previous close. B. Riley also issued estimates for Onsemi’s Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.14 EPS, Q1 2026 earnings at $1.15 EPS and Q2 2026 earnings at $1.23 EPS.

Several other analysts have also weighed in on the company. Morgan Stanley boosted their price objective on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Truist Financial reissued a “hold” rating and set a $60.00 price target (down from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Mizuho set a $85.00 price objective on shares of Onsemi in a report on Friday, October 18th. Loop Capital started coverage on shares of Onsemi in a research report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $81.70.

Onsemi Stock Down 3.1 %

ON opened at $54.50 on Friday. The company has a market cap of $23.21 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a 1 year low of $53.10 and a 1 year high of $85.16. The firm has a 50 day moving average price of $64.00 and a 200 day moving average price of $69.14.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Sell-side analysts expect that Onsemi will post 4 earnings per share for the current year.

Insiders Place Their Bets

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL lifted its position in shares of Onsemi by 11.3% in the 2nd quarter. Blair William & Co. IL now owns 4,249 shares of the semiconductor company’s stock worth $291,000 after acquiring an additional 432 shares during the period. Public Sector Pension Investment Board lifted its position in Onsemi by 77.6% in the second quarter. Public Sector Pension Investment Board now owns 16,909 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 7,386 shares during the period. Marshall Wace LLP boosted its stake in Onsemi by 82.4% during the second quarter. Marshall Wace LLP now owns 269,724 shares of the semiconductor company’s stock worth $18,490,000 after buying an additional 121,870 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Onsemi by 59.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,847 shares of the semiconductor company’s stock valued at $5,611,000 after buying an additional 30,425 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Onsemi by 59.8% in the 2nd quarter. Toronto Dominion Bank now owns 241,394 shares of the semiconductor company’s stock valued at $16,548,000 after buying an additional 90,293 shares in the last quarter. 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.