Onsemi’s (ON) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Onsemi (NASDAQ:ON) in a research report report published on Thursday morning,Benzinga reports. The firm currently has a $49.00 target price on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Roth Mkm decreased their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Finally, Jefferies Financial Group decreased their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

Onsemi Trading Down 0.7 %

Shares of NASDAQ ON opened at $47.05 on Thursday. The firm’s 50 day moving average price is $55.80 and its 200-day moving average price is $65.39. The company has a market cap of $19.83 billion, a PE ratio of 12.96, a P/E/G ratio of 16.74 and a beta of 1.61. Onsemi has a 52-week low of $46.04 and a 52-week high of $85.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. On average, equities research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Trading of Onsemi

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi during the third quarter worth $33,000. Elequin Capital LP boosted its position in shares of Onsemi by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 274 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Onsemi during the third quarter worth $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

About Onsemi

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.