Roth Mkm Raises Onsemi (NASDAQ:ON) Price Target to $100.00

Onsemi (NASDAQ:ON) had its price target upped by stock analysts at Roth Mkm from $90.00 to $100.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s price objective indicates a potential upside of 33.76% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group assumed coverage on Onsemi in a research report on Monday, May 13th. They issued a “buy” rating and a $100.00 price target for the company. Susquehanna upped their target price on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Stifel Nicolaus lowered their price target on Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Citigroup cut shares of Onsemi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $77.00 in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

Onsemi Stock Down 4.5 %

Shares of NASDAQ ON traded down $3.51 during trading hours on Tuesday, hitting $74.76. The stock had a trading volume of 4,915,154 shares, compared to its average volume of 6,890,026. The company has a market capitalization of $32.16 billion, a P/E ratio of 15.19, a P/E/G ratio of 3.05 and a beta of 1.69. The firm’s 50-day moving average price is $72.63 and its two-hundred day moving average price is $73.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. Analysts anticipate that Onsemi will post 4.02 EPS for the current fiscal year.

Insider Activity

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares in the company, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Onsemi during the fourth quarter worth $32,000. Private Wealth Management Group LLC bought a new stake in Onsemi during the 4th quarter worth about $33,000. MeadowBrook Investment Advisors LLC acquired a new position in Onsemi during the 4th quarter valued at about $33,000. Westside Investment Management Inc. boosted its stake in shares of Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 550 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Onsemi during the 1st quarter worth approximately $45,000. 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.