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

Shares of Onsemi (NASDAQ:ON) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $85.87.

ON has been the topic of a number of research analyst reports. BNP Paribas decreased their target price on Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Wells Fargo & Company initiated coverage on Onsemi in a research note on Friday, November 22nd. They set an “overweight” rating and a $85.00 price target for the company. Benchmark reissued a “buy” rating and set a $90.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Robert W. Baird lifted their target price on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’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 completion of the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 4,500 shares of company stock worth $321,765 over the last quarter. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ON. Swedbank AB bought a new stake in shares of Onsemi during the first quarter valued at approximately $90,274,000. Bridgewater Associates LP grew its position in Onsemi by 8,367.5% in the third quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock worth $81,544,000 after acquiring an additional 1,109,778 shares in the last quarter. American Century Companies Inc. increased its position in shares of Onsemi by 451.3% during the 2nd quarter. American Century Companies Inc. now owns 1,111,112 shares of the semiconductor company’s stock valued at $76,167,000 after purchasing an additional 909,558 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Onsemi by 26.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after acquiring an additional 729,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Onsemi by 18.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock valued at $289,088,000 after buying an additional 665,633 shares during the period. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Down 0.7 %

ON stock opened at $70.35 on Friday. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77. The firm has a market capitalization of $29.95 billion, a PE ratio of 17.46, a PEG ratio of 7.76 and a beta of 1.65. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $70.24 and a two-hundred day simple moving average of $71.81.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Onsemi’s revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, equities analysts predict that Onsemi will post 4 EPS for the current fiscal 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.