Onsemi (NASDAQ:ON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Onsemi (NASDAQ:ON) has received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $63.52.

ON has been the subject of several research analyst reports. UBS Group dropped their price objective on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus lowered their price objective on shares of Onsemi from $52.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $49.00 price objective on shares of Onsemi in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ON. Elequin Capital LP boosted its holdings in Onsemi by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 274 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Onsemi during the 4th quarter worth $41,000. Opal Wealth Advisors LLC purchased a new position in Onsemi in the 1st quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Onsemi during the fourth quarter worth about $43,000. Finally, Synergy Asset Management LLC purchased a new position in Onsemi in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 0.3 %

Shares of Onsemi stock opened at $34.74 on Tuesday. Onsemi has a 52-week low of $31.04 and a 52-week high of $80.08. The company’s 50-day simple moving average is $42.97 and its 200-day simple moving average is $56.78. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, equities research analysts anticipate that Onsemi will post 2.6 earnings per share for the current year.

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.