Onsemi (NASDAQ:ON) Receives $67.12 Average Target Price from Brokerages

Onsemi (NASDAQ:ON) has earned an average recommendation of “Moderate Buy” from the twenty-five research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.12.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Mizuho reduced their price target on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group lowered their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. UBS Group reduced their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $57.00 target price on shares of Onsemi in a research note on Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Onsemi by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Onsemi by 9.2% during the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock valued at $780,387,000 after acquiring an additional 1,041,989 shares in the last quarter. Geode Capital Management LLC lifted its stake in Onsemi by 3.0% in the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after acquiring an additional 309,445 shares during the period. Norges Bank bought a new stake in Onsemi in the fourth quarter valued at $378,312,000. Finally, Dimensional Fund Advisors LP increased its position in Onsemi by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company’s stock valued at $316,195,000 after purchasing an additional 771,610 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Price Performance

Onsemi stock opened at $45.40 on Monday. The firm has a market capitalization of $19.13 billion, a P/E ratio of 12.51, a PEG ratio of 16.74 and a beta of 1.59. Onsemi has a one year low of $43.33 and a one year high of $82.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The business has a fifty day moving average price of $53.59 and a 200-day moving average price of $64.25.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) 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 forecast that Onsemi will post 2.6 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.