Onsemi (NASDAQ:ON) Rating Reiterated by Rosenblatt Securities

Onsemi (NASDAQ:ON)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They presently have a $75.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price target points to a potential upside of 4.43% from the stock’s previous close.

ON has been the subject of several other reports. KeyCorp decreased their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. Truist Financial raised their price objective on Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Robert W. Baird boosted their price objective on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Roth Mkm increased their target price on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Three 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.91.

Onsemi Trading Down 0.6 %

Onsemi stock traded down $0.42 during midday trading on Tuesday, reaching $71.82. The stock had a trading volume of 717,064 shares, compared to its average volume of 6,742,618. The stock’s 50-day simple moving average is $71.52 and its 200 day simple moving average is $71.42. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. The stock has a market capitalization of $30.76 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 3.82 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 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $1.39 EPS. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. Analysts expect that Onsemi will post 4.01 EPS for the current year.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now owns 839,210 shares in the company, valued at $61,018,959.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at $61,018,959.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,939 shares of company stock valued at $2,626,651. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ON. GHP Investment Advisors Inc. boosted its stake 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 purchasing an additional 514 shares during the period. Westside Investment Management Inc. grew its holdings in Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after buying an additional 550 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the period. International Assets Investment Management LLC bought a new stake in Onsemi during the 2nd quarter valued at $43,000. Finally, Fidelis Capital Partners LLC acquired a new position in Onsemi during the 1st quarter worth $45,000. 97.70% of the stock is currently owned by institutional investors.

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.