onsemi (NASDAQ:ON) Downgraded by William Blair to Market Perform

William Blair downgraded shares of onsemi (NASDAQ:ON – Get Rating) from an outperform rating to a market perform rating in a report released on Tuesday morning, The Fly reports.

Several other research analysts also recently commented on the company. Morgan Stanley boosted their target price on onsemi from $65.00 to $70.40 and gave the stock an equal weight rating in a report on Tuesday, November 1st. Rosenblatt Securities reduced their target price on onsemi to $75.00 in a report on Friday, November 4th. Piper Sandler reduced their target price on onsemi from $90.00 to $75.00 in a report on Monday, October 31st. Susquehanna reduced their price objective on onsemi from $82.00 to $80.00 and set a positive rating on the stock in a report on Tuesday, November 1st. Finally, Benchmark reduced their price objective on onsemi to $69.00 in a report on Friday, November 4th. Eight equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $74.18.

onsemi Trading Down 0.6 %

ON stock opened at $64.27 on Tuesday. onsemi has a 1-year low of $44.76 and a 1-year high of $77.28. The firm has a market cap of $27.79 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.68 and a beta of 1.76. The business’s 50 day moving average is $67.50 and its 200-day moving average is $64.93. The company has a current ratio of 3.02, a quick ratio of 2.12 and a debt-to-equity ratio of 0.54.

onsemi (NASDAQ:ON – Get Rating) last announced its earnings results on Monday, October 31st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.12 billion. onsemi had a return on equity of 43.37% and a net margin of 21.36%. onsemi’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. Equities analysts anticipate that onsemi will post 5.27 earnings per share for the current fiscal year.

Institutional Trading of onsemi

Large investors have recently made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC bought a new position in onsemi during the 3rd quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in onsemi during the 2nd quarter worth about $25,000. Assetmark Inc. bought a new position in onsemi during the 2nd quarter worth about $27,000. Mizuho Securities Co. Ltd. bought a new position in onsemi during the 3rd quarter worth about $41,000. Finally, CVA Family Office LLC increased its holdings in onsemi by 48.5% during the 3rd quarter. CVA Family Office LLC now owns 750 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 96.84% of the company’s stock.

onsemi Company Profile

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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.