onsemi’s (ON) “Neutral” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of onsemi (NASDAQ:ON) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a $90.00 price target on the semiconductor company’s stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday. Rosenblatt Securities lowered their price objective on onsemi from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday. Mizuho cut their target price on onsemi from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Craig Hallum upgraded onsemi from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $85.00 in a research report on Tuesday. Finally, TD Cowen reduced their target price on onsemi from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $95.03.

onsemi Stock Performance

NASDAQ:ON opened at $63.01 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.55 and a quick ratio of 2.49. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 0.57 and a beta of 2.11. The company’s 50-day moving average is $74.45 and its two-hundred day moving average is $82.14. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Analysts forecast that onsemi will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On onsemi

A number of hedge funds have recently made changes to their positions in ON. Greenleaf Trust increased its holdings in onsemi by 2.5% in the 3rd quarter. Greenleaf Trust now owns 5,890 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 144 shares during the last quarter. V Square Quantitative Management LLC raised its position in onsemi by 2.7% in the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares during the period. Compound Planning Inc. lifted its stake in onsemi by 3.9% during the first quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 179 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of onsemi by 39.4% during the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock worth $43,000 after buying an additional 198 shares during the period. Finally, Brookstone Capital Management grew its stake in shares of onsemi by 5.6% in the third quarter. Brookstone Capital Management now owns 5,318 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported its fourth consecutive earnings beat, while data-center sales reportedly surged 175%. The company’s planned $600 million acquisition of Ferric is intended to strengthen its power-delivery technology for AI processors. Onsemi AI data-center sales and valuation
• Neutral Sentiment: Investors are weighing whether fast-growing AI demand can become a durable growth driver for onsemi, or whether it is insufficient to offset weakness elsewhere in the business.
• Negative Sentiment: Semiconductor peers also fell in a post-midterm retreat from AI-chip stocks, adding sector-wide pressure despite no new company-specific negative catalyst reported for onsemi. AI-chip stocks slide
• Negative Sentiment: Reports that onsemi is delaying some automakers’ inventory restocking while prioritizing AI and industrial customers raise concerns about near-term auto demand. Several analysts have also taken a more cautious view, including Mizuho and Goldman Sachs, which lowered expectations for the stock. Onsemi delays auto restocking as AI sales jump Mizuho forecast

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.