Onsemi (NASDAQ:ON) Receives $80.50 Consensus Target Price from Analysts

Onsemi (NASDAQ:ON) has been given a consensus recommendation of “Moderate Buy” by the twenty-five research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $68.16.

Several research analysts have commented on ON shares. Truist Financial dropped their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday. B. Riley dropped their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a research note on Tuesday. Roth Mkm dropped their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group lowered their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp lowered their target price on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th.

Insiders Place Their Bets

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Onsemi

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Onsemi during the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the third quarter valued at about $33,000. GHP Investment Advisors Inc. increased its holdings in shares of Onsemi by 12,850.0% during the third 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 in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi during the fourth quarter valued at about $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Onsemi during the third quarter valued at about $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 4.4 %

Shares of ON opened at $50.06 on Thursday. The company’s fifty day moving average is $59.30 and its 200 day moving average is $67.06. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The stock has a market capitalization of $21.32 billion, a PE ratio of 12.42, a P/E/G ratio of 10.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Sell-side analysts expect that Onsemi will post 3.99 earnings per share for the current fiscal 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.