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

Rosenblatt Securities restated their neutral rating on shares of Onsemi (NASDAQ:ON) in a research note released on Tuesday morning, Benzinga reports. Rosenblatt Securities currently has a $75.00 price target on the semiconductor company’s stock.

Other analysts also recently issued research reports about the company. StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. Truist Financial increased their price target on Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Morgan Stanley boosted their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday. Susquehanna raised their target price on shares of Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Finally, Bank of America upped their price target on shares of Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $85.57.

Onsemi Trading Up 3.4 %

NASDAQ:ON opened at $74.70 on Tuesday. The company has a market capitalization of $32.00 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.82 and a beta of 1.65. The stock’s 50 day moving average price is $71.49 and its 200 day moving average price is $71.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. Onsemi’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. On average, research analysts forecast that Onsemi will post 4.01 EPS for the current fiscal 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 Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.31% of the stock is owned by insiders.

Institutional Trading of Onsemi

A number of large investors have recently bought and sold shares of ON. GHP Investment Advisors Inc. raised its stake in shares of Onsemi by 12,850.0% in 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 during the last quarter. Westside Investment Management Inc. raised its position in Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 550 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Onsemi during the second quarter worth $43,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Onsemi during the first quarter worth $45,000. 97.70% of the stock is currently owned by institutional investors.

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.