Onsemi (NASDAQ:ON) Given Consensus Recommendation of “Moderate Buy” by Analysts

Onsemi (NASDAQ:ON) has earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $88.36.

ON has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. B. Riley reiterated a “buy” rating and issued a $103.00 target price (down previously from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. TD Cowen dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Mizuho dropped their target price on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Finally, KeyCorp dropped their target price on shares of Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th.

Insider Buying and Selling

In related news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the sale, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were 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 $3,643,253.34. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently made changes to their positions in ON. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at about $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi in the fourth quarter valued at about $33,000. Private Wealth Management Group LLC acquired a new position in shares of Onsemi during the fourth quarter worth about $33,000. Westside Investment Management Inc. increased its stake in shares of Onsemi by 5,500.0% during the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 550 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 169 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Stock Down 3.7 %

ON stock opened at $67.54 on Friday. The firm has a market cap of $29.06 billion, a PE ratio of 13.78, a PEG ratio of 3.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The firm’s 50 day moving average price is $72.61 and its 200-day moving average price is $73.26. Onsemi has a one year low of $59.34 and a one year high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Onsemi will post 3.83 EPS for the current year.

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.