Onsemi (NASDAQ:ON) Now Covered by Jefferies Financial Group

Research analysts at Jefferies Financial Group assumed coverage on shares of Onsemi (NASDAQ:ONGet Free Report) in a note issued to investors on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $100.00 price target on the semiconductor company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 37.01% from the company’s previous close.

A number of other research firms also recently issued reports on ON. Morgan Stanley decreased their target price on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Stifel Nicolaus reduced their price target on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research note on Tuesday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $90.28.

Get Our Latest Research Report on Onsemi

Onsemi Price Performance

Shares of ON opened at $72.99 on Monday. The company has a 50 day moving average of $71.35 and a two-hundred day moving average of $73.91. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35. The company has a market cap of $31.40 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 3.18 and a beta of 1.78.

Onsemi (NASDAQ:ONGet Free Report) last released 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. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. Onsemi’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts predict that Onsemi will post 3.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onsemi

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Provence Wealth Management Group bought a new stake in Onsemi during the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at about $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at about $33,000. Private Wealth Management Group LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at about $33,000. Finally, Hanseatic Management Services Inc. bought a new position in shares of Onsemi during the 3rd quarter valued at about $38,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Onsemi (NASDAQ:ON)

Receive News & Ratings for Onsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onsemi and related companies with MarketBeat.com's FREE daily email newsletter.