Onsemi (NASDAQ:ON) Receives “Neutral” Rating from Rosenblatt Securities

Onsemi (NASDAQ:ON)‘s stock had its “neutral” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $49.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price objective suggests a potential downside of 3.07% from the stock’s previous close.

A number of other analysts have also commented on ON. Morgan Stanley decreased their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group decreased their price objective on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Susquehanna decreased their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Roth Mkm decreased their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Stock Performance

ON stock opened at $50.55 on Thursday. The stock has a 50-day moving average price of $56.51 and a 200-day moving average price of $65.73. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The firm has a market cap of $21.30 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 16.74 and a beta of 1.62.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, equities research analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ON. Norges Bank bought a new position in shares of Onsemi in the fourth quarter worth $378,312,000. Bridgewater Associates LP increased its holdings in shares of Onsemi by 8,367.5% in the third quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock worth $81,544,000 after purchasing an additional 1,109,778 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Onsemi by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Onsemi by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock worth $247,226,000 after purchasing an additional 1,037,624 shares during the period. Finally, Freestone Grove Partners LP bought a new position in shares of Onsemi in the fourth quarter worth $62,426,000. Institutional investors 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.