onsemi (NASDAQ:ON) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of onsemi (NASDAQ:ON – Get Rating) have earned an average rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $88.79.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of onsemi from $77.00 to $95.00 in a report on Monday, February 6th. Wells Fargo & Company upped their target price on shares of onsemi from $75.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, February 7th. Susquehanna upped their target price on shares of onsemi from $80.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, February 7th. Raymond James cut shares of onsemi from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Finally, William Blair lowered shares of onsemi from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 10th.

onsemi Stock Up 5.6 %

Shares of onsemi stock opened at $83.10 on Thursday. The firm’s 50 day moving average price is $73.88 and its 200-day moving average price is $69.59. The company has a quick ratio of 2.00, a current ratio of 2.78 and a debt-to-equity ratio of 0.49. onsemi has a 52-week low of $44.76 and a 52-week high of $87.55. The company has a market cap of $35.90 billion, a P/E ratio of 19.55, a PEG ratio of 4.76 and a beta of 1.74.

onsemi (NASDAQ:ON – Get Rating) last announced its quarterly earnings data on Monday, February 6th. The semiconductor company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. onsemi had a net margin of 22.85% and a return on equity of 42.09%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that onsemi will post 4.42 EPS for the current fiscal year.

onsemi declared that its board has approved a stock repurchase program on Monday, February 6th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at onsemi

In related news, EVP Simon Keeton sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $80.00, for a total value of $320,000.00. Following the completion of the sale, the executive vice president now owns 209,781 shares of the company’s stock, valued at $16,782,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On onsemi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC acquired a new position in shares of onsemi during the second quarter valued at about $49,000. GHP Investment Advisors Inc. raised its position in shares of onsemi by 66.3% during the third quarter. GHP Investment Advisors Inc. now owns 825 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 329 shares during the last quarter. Everence Capital Management Inc. increased its holdings in onsemi by 104.7% in the third quarter. Everence Capital Management Inc. now owns 12,610 shares of the semiconductor company’s stock valued at $786,000 after purchasing an additional 6,450 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in onsemi by 73.2% in the second quarter. Ontario Teachers Pension Plan Board now owns 9,166 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 3,874 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in onsemi by 3,565.6% in the third quarter. First Republic Investment Management Inc. now owns 481,186 shares of the semiconductor company’s stock valued at $29,992,000 after purchasing an additional 468,059 shares during the last quarter. Hedge funds and other institutional investors own 96.84% of the company’s stock.

About onsemi

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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.