B. Riley Cuts Onsemi (NASDAQ:ON) Price Target to $90.00

Onsemi (NASDAQ:ON) had its price objective lowered by B. Riley from $100.00 to $90.00 in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for Onsemi’s Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.14 EPS, Q1 2026 earnings at $1.15 EPS and Q2 2026 earnings at $1.23 EPS.

A number of other brokerages have also recently commented on ON. BNP Paribas reduced their target price on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. Mizuho set a $85.00 target price on Onsemi in a report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of Onsemi in a report on Tuesday, October 29th. Finally, Morgan Stanley lifted their price objective on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.70.

Onsemi Stock Down 3.1 %

Onsemi stock opened at $54.50 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 stock has a market capitalization of $23.21 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 10.62 and a beta of 1.64. The business has a 50 day simple moving average of $64.00 and a 200-day simple moving average of $69.08. Onsemi has a 12 month low of $53.10 and a 12 month high of $85.16.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. On average, analysts anticipate that Onsemi will post 4 EPS for the current fiscal year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s 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 transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents 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 this hyperlink. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Onsemi

Institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Onsemi during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. raised its stake 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 worth $38,000 after purchasing an additional 514 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter worth $43,000. Finally, Synergy Asset Management LLC purchased a new position in Onsemi in the 4th quarter valued at $51,000. 97.70% of the stock is owned by institutional investors and hedge funds.

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.