Onsemi (NASDAQ:ON) Receives $98.79 Consensus Target Price from Brokerages

Onsemi (NASDAQ:ON) has received a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $98.12.

A number of equities research analysts recently commented on the stock. KeyCorp upped their price target on shares of Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Truist Financial reduced their price target on Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Mizuho lowered their target price on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research report on Tuesday, February 6th. Finally, StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th.

Onsemi Trading Down 2.4 %

NASDAQ ON opened at $62.93 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $75.07 and its two-hundred day simple moving average is $76.66. Onsemi has a twelve month low of $61.47 and a twelve month high of $111.35. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 6.27 and a beta of 1.80.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the company earned $1.32 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Onsemi will post 4.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Onsemi

Several institutional investors have recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. lifted its stake in shares of Onsemi by 0.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company’s stock worth $1,368,000 after acquiring an additional 129 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Onsemi by 3.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 132 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Onsemi by 1.7% in the 3rd quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 134 shares during the period. Raymond James Trust N.A. raised its stake in shares of Onsemi by 3.2% in the second quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 145 shares during the last quarter. Finally, Private Trust Co. NA raised its position in Onsemi by 13.2% during the 3rd quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock worth $119,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.