Onsemi (NASDAQ:ON) Now Covered by Loop Capital

Loop Capital started coverage on shares of Onsemi (NASDAQ:ON) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $95.00 price target on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price objective on Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. KeyCorp decreased their price target on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. Finally, Mizuho set a $85.00 price target on Onsemi in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.30.

Onsemi Price Performance

NASDAQ ON opened at $67.02 on Monday. The company has a market cap of $28.54 billion, a P/E ratio of 16.63, a P/E/G ratio of 7.53 and a beta of 1.65. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $70.49 and a 200 day simple moving average of $71.90.

Onsemi (NASDAQ:ON) last posted 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 22.38% and a net margin of 23.80%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, sell-side analysts predict that Onsemi will post 4 EPS for the current year.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the transaction, the chief executive officer now directly owns 840,620 shares in the company, valued at approximately $59,515,896. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. raised its position in shares of 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 acquiring an additional 514 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of 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 purchasing an additional 169 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Onsemi in the 2nd quarter worth $43,000. 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.