Onsemi (NASDAQ:ON) Receives Neutral Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of Onsemi (NASDAQ:ONFree Report) in a report issued on Tuesday, Benzinga reports. Rosenblatt Securities currently has a $75.00 price target on the semiconductor company’s stock.

Other analysts also recently issued reports about the stock. TD Cowen increased their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company an outperform rating in a research report on Tuesday. KeyCorp increased their price objective on shares of Onsemi from $95.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday. Mizuho cut their price objective on shares of Onsemi from $98.00 to $92.00 and set a buy rating on the stock in a research report on Tuesday. Craig Hallum downgraded shares of Onsemi from a buy rating to a hold rating and cut their price objective for the company from $132.00 to $78.00 in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Onsemi from $95.00 to $90.00 and set a neutral rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of Moderate Buy and an average target price of $98.42.

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Onsemi Stock Down 1.6 %

Shares of Onsemi stock opened at $76.32 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.60. The company has a 50-day moving average of $77.27 and a 200 day moving average of $84.30. The firm has a market cap of $32.87 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.38 and a beta of 1.81. Onsemi has a 1 year low of $61.47 and a 1 year high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. Onsemi’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. As a group, sell-side analysts anticipate that Onsemi will post 4.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Provence Wealth Management Group purchased a new position in Onsemi during the third quarter worth $25,000. Brown Brothers Harriman & Co. boosted its stake in Onsemi by 95.5% during the second quarter. Brown Brothers Harriman & Co. now owns 348 shares of the semiconductor company’s stock worth $33,000 after buying an additional 170 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Onsemi during the fourth quarter worth $32,000. MeadowBrook Investment Advisors LLC purchased a new position in Onsemi during the fourth quarter worth $33,000. Finally, FinTrust Capital Advisors LLC purchased a new position in Onsemi during the fourth quarter worth $25,000. 96.36% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Onsemi (NASDAQ:ON)

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