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

Onsemi (NASDAQ:ON) has been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $85.87.

A number of equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. KeyCorp lowered their price objective 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. Roth Mkm reiterated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a research report on Thursday, December 12th. Needham & Company LLC reiterated a “buy” rating and issued a $87.00 price objective on shares of Onsemi in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Onsemi in the 3rd quarter valued at about $389,000. World Investment Advisors LLC acquired a new position in Onsemi in the 3rd quarter valued at about $1,087,000. Westside Investment Management Inc. raised its stake in Onsemi by 67.9% in the 3rd quarter. Westside Investment Management Inc. now owns 940 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 380 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Onsemi by 19.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,498 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after purchasing an additional 309,445 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON opened at $65.50 on Wednesday. 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 firm has a market cap of $27.89 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 7.07 and a beta of 1.63. The company’s 50 day simple moving average is $68.97 and its 200-day simple moving average is $71.13. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.10.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. As a group, equities analysts predict that Onsemi will post 4 EPS for the current year.

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.