Onsemi (NASDAQ:ON) Stock Rating Reaffirmed by B. Riley

Onsemi (NASDAQ:ON)‘s stock had its “buy” rating reiterated by B. Riley in a note issued to investors on Tuesday, Benzinga reports. They currently have a $103.00 price target on the semiconductor company’s stock, down from their previous price target of $115.00. B. Riley’s price target would suggest a potential upside of 45.44% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Evercore ISI began coverage on shares of Onsemi in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 target price for the company. Rosenblatt Securities reduced their price target on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho cut their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Onsemi Stock Performance

Shares of ON stock opened at $70.82 on Tuesday. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 6.71 and a beta of 1.80. The company has a 50 day moving average price of $73.11 and a 200 day moving average price of $75.28. Onsemi has a one year low of $59.34 and a one year high of $111.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. Sell-side analysts anticipate that Onsemi will post 4.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ON. Provence Wealth Management Group purchased a new stake in shares of Onsemi in the 3rd quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at $32,000. Private Wealth Management Group LLC acquired a new stake in shares of Onsemi in the fourth quarter worth $33,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Onsemi during the fourth quarter valued at $33,000. Finally, Hanseatic Management Services Inc. acquired a new position in Onsemi during the third quarter valued at $38,000. 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.