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

Shares of Onsemi (NASDAQ:ON) have received a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $85.87.

A number of equities analysts have weighed in on ON shares. BNP Paribas decreased their price target on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. KeyCorp reduced their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Rosenblatt Securities restated a “neutral” rating and set a $75.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Mizuho set a $85.00 target price on shares of Onsemi in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $87.00 price objective on shares of Onsemi in a report on Tuesday, November 19th.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’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 owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. grew its position in shares of 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 during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Onsemi in the 3rd quarter worth about $43,000. Finally, International Assets Investment Management LLC bought a new position in Onsemi in the 2nd quarter worth about $43,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON stock opened at $65.50 on Wednesday. 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 firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 7.07 and a beta of 1.63. Onsemi has a one year low of $59.34 and a one year high of $86.10. The company has a 50 day moving average price of $68.97 and a 200 day moving average price of $71.13.

Onsemi (NASDAQ:ON) last announced 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. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Onsemi’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS. Sell-side analysts anticipate that Onsemi will post 4 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.