Onsemi (NASDAQ:ON) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Onsemi (NASDAQ:ON) have been given an average rating of “Moderate Buy” by the twenty-five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $90.24.

Several equities research analysts have recently commented on ON shares. Susquehanna decreased their price target on Onsemi from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Tuesday, April 30th. The Goldman Sachs Group lowered their price objective on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lowered their price objective on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Mizuho decreased their price target on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Finally, TD Cowen decreased their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sciencast Management LP bought a new stake in Onsemi in the first quarter worth $1,756,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Onsemi by 15.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,273 shares of the semiconductor company’s stock valued at $1,638,000 after buying an additional 2,995 shares during the last quarter. Empirical Finance LLC raised its position in shares of Onsemi by 6.3% during the first quarter. Empirical Finance LLC now owns 8,982 shares of the semiconductor company’s stock valued at $661,000 after buying an additional 529 shares during the last quarter. Duality Advisers LP raised its position in Onsemi by 60.0% in the first quarter. Duality Advisers LP now owns 18,209 shares of the semiconductor company’s stock worth $1,339,000 after purchasing an additional 6,825 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Onsemi in the first quarter worth about $2,447,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

NASDAQ ON opened at $69.67 on Tuesday. The stock has a 50-day moving average of $72.19 and a two-hundred day moving average of $74.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87. The company has a market cap of $29.97 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.18 and a beta of 1.78. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, analysts anticipate that Onsemi will post 3.86 EPS for the current 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.