Onsemi (NASDAQ:ON) Earns “Underperform” Rating from BNP Paribas

BNP Paribas reissued their underperform rating on shares of Onsemi (NASDAQ:ON) in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have a $55.00 price objective on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on ON. Rosenblatt Securities reissued a neutral rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. TD Cowen boosted their target price on shares of Onsemi from $80.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, February 6th. Susquehanna restated a positive rating and set a $90.00 target price on shares of Onsemi in a research report on Monday, April 8th. KeyCorp boosted their target price on shares of Onsemi from $95.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Onsemi from $95.00 to $90.00 and set a neutral rating on the stock in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Onsemi currently has an average rating of Moderate Buy and an average target price of $96.52.

Onsemi Stock Performance

Shares of Onsemi stock opened at $60.71 on Friday. The firm’s fifty day simple moving average is $74.67 and its 200-day simple moving average is $76.24. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 5.92 and a beta of 1.80. Onsemi has a 12 month low of $60.26 and a 12 month high of $111.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data 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. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. Onsemi’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. As a group, equities analysts forecast that Onsemi will post 4.31 earnings per share for the current year.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dana Investment Advisors Inc. increased its position in Onsemi by 0.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company’s stock worth $1,368,000 after purchasing an additional 129 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Onsemi by 3.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 132 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Onsemi by 1.7% during the 3rd quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 134 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Onsemi by 3.2% during the second quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 145 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Onsemi by 13.2% during the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock worth $119,000 after purchasing an additional 149 shares during the last quarter. 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.