Onsemi (NASDAQ:ON) Given Average Recommendation of “Moderate Buy” by Analysts

Onsemi (NASDAQ:ON) has received a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $98.12.

A number of equities research analysts have issued reports on ON shares. Needham & Company LLC reissued a “buy” rating and set a $92.00 target price on shares of Onsemi in a research note on Tuesday, February 6th. Truist Financial dropped their price target on Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Roth Mkm upped their price objective on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. TD Cowen raised their target price on Onsemi from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, KeyCorp increased their target price on Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $62.93 on Friday. The stock’s fifty day simple moving average is $75.07 and its 200 day simple moving average is $76.66. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $27.05 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 6.27 and a beta of 1.80. Onsemi has a 52-week low of $61.47 and a 52-week high of $111.35.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.32 EPS. The company’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that Onsemi will post 4.32 earnings per share for the current fiscal year.

Institutional Trading of Onsemi

Several hedge funds have recently added to or reduced their stakes in ON. Provence Wealth Management Group acquired a new stake in Onsemi in the 3rd quarter valued at approximately $25,000. FinTrust Capital Advisors LLC bought a new position in Onsemi during the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi during the 4th quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Onsemi in the fourth quarter valued at $33,000. Finally, Private Wealth Management Group LLC bought a new position in Onsemi in the 4th quarter valued at about $33,000. 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.