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

Onsemi (NASDAQ:ON) has been assigned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $90.28.

A number of analysts have recently weighed in on ON shares. TD Cowen dropped their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Truist Financial dropped their price target on Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Susquehanna dropped their price target on Onsemi from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Tuesday, April 30th. Jefferies Financial Group started coverage on Onsemi in a research report on Monday, May 13th. They set a “buy” rating and a $100.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th.

Insider Transactions at Onsemi

In other news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

Hedge funds and other institutional investors have recently modified their holdings of the business. Provence Wealth Management Group acquired a new stake in shares of Onsemi in the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Onsemi in the fourth quarter worth $32,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Onsemi in the fourth quarter worth $33,000. Private Wealth Management Group LLC purchased a new stake in shares of Onsemi during the fourth quarter worth $33,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Onsemi during the third quarter worth $38,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 4.2 %

Shares of NASDAQ ON opened at $74.54 on Friday. The stock’s 50 day moving average price is $70.14 and its two-hundred day moving average price is $74.54. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35. The stock has a market capitalization of $32.07 billion, a P/E ratio of 15.17, a PEG ratio of 3.33 and a beta of 1.71. 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 (NASDAQ:ON) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Onsemi’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Onsemi will post 3.83 earnings per share 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.