Onsemi (NASDAQ:ON) Receives $84.43 Average PT from Brokerages

Onsemi (NASDAQ:ON) has been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $83.35.

A number of analysts have recently issued reports on ON shares. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. The Goldman Sachs Group dropped their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Loop Capital assumed coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Morgan Stanley upped their target price on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th.

Onsemi Stock Down 1.2 %

ON stock opened at $55.18 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The firm has a market capitalization of $23.50 billion, a P/E ratio of 13.69, a P/E/G ratio of 7.07 and a beta of 1.64. Onsemi has a 52-week low of $53.10 and a 52-week high of $85.16. The company’s 50 day simple moving average is $66.59 and its 200-day simple moving average is $70.20.

Onsemi (NASDAQ:ON) last issued its 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Onsemi’s revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, equities research analysts anticipate that Onsemi will post 4 EPS for the current year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently modified their holdings of ON. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Onsemi by 20.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,341 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 722 shares in the last quarter. Park Avenue Securities LLC grew its position in Onsemi by 14.8% in the fourth quarter. Park Avenue Securities LLC now owns 9,493 shares of the semiconductor company’s stock valued at $599,000 after acquiring an additional 1,221 shares during the period. Oak Thistle LLC acquired a new position in Onsemi during the fourth quarter worth $515,000. Bar Harbor Wealth Management lifted its holdings in shares of Onsemi by 5.7% during the fourth quarter. Bar Harbor Wealth Management now owns 33,987 shares of the semiconductor company’s stock valued at $2,143,000 after acquiring an additional 1,845 shares during the period. Finally, Czech National Bank boosted its stake in shares of Onsemi by 5.8% in the 4th quarter. Czech National Bank now owns 92,322 shares of the semiconductor company’s stock valued at $5,821,000 after purchasing an additional 5,062 shares in the last quarter. 97.70% of the stock is currently owned by 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.