Onsemi (NASDAQ:ON) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Onsemi (NASDAQ:ON) have been given an average recommendation of “Moderate Buy” by the twenty-five brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $66.50.

Several brokerages have recently commented on ON. Roth Capital set a $60.00 target price on Onsemi in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. UBS Group lowered their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus reduced their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $49.00 price objective on shares of Onsemi in a research report on Thursday, February 27th.

Onsemi Stock Performance

Shares of NASDAQ:ON opened at $35.56 on Friday. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The business’s fifty day moving average price is $47.62 and its two-hundred day moving average price is $60.40. Onsemi has a fifty-two week low of $35.29 and a fifty-two week high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its position in shares of Onsemi by 28.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,816 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 406 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Onsemi by 6.2% in the third quarter. Fisher Asset Management LLC now owns 318,633 shares of the semiconductor company’s stock valued at $23,136,000 after buying an additional 18,723 shares during the period. D.A. Davidson & CO. increased its position in shares of Onsemi by 8.5% during the third quarter. D.A. Davidson & CO. now owns 7,061 shares of the semiconductor company’s stock worth $513,000 after acquiring an additional 552 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Onsemi during the third quarter worth $126,000. Finally, Townsquare Capital LLC lifted its position in Onsemi by 105.0% in the 3rd quarter. Townsquare Capital LLC now owns 6,561 shares of the semiconductor company’s stock valued at $476,000 after acquiring an additional 3,360 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.