Onsemi (NASDAQ:ON) Rating Reiterated by Susquehanna

Onsemi (NASDAQ:ON)‘s stock had its “positive” rating reiterated by equities research analysts at Susquehanna in a note issued to investors on Monday, Benzinga reports. They presently have a $90.00 price objective on the semiconductor company’s stock. Susquehanna’s price objective indicates a potential upside of 26.87% from the company’s previous close.

Several other equities analysts have also weighed in on ON. Roth Mkm increased their target price on Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a report on Tuesday, February 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $82.00 price objective on shares of Onsemi in a research note on Thursday, March 14th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and an average price target of $98.79.

Onsemi Stock Performance

Shares of NASDAQ:ON opened at $70.94 on Monday. The stock has a market capitalization of $30.49 billion, a P/E ratio of 14.51, a P/E/G ratio of 6.71 and a beta of 1.80. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. Onsemi has a 1-year low of $61.47 and a 1-year high of $111.35. The business has a 50-day moving average price of $76.26 and a two-hundred day moving average price of $77.73.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. Onsemi’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts predict that Onsemi will post 4.34 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC raised its position in Onsemi by 3.2% during the first quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock worth $1,716,000 after acquiring an additional 845 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Onsemi during the 1st quarter worth about $1,171,000. Yousif Capital Management LLC raised its holdings in shares of Onsemi by 4.2% in the 1st quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 395 shares during the period. Raymond James Trust N.A. lifted its stake in Onsemi by 15.4% in the 1st quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock valued at $372,000 after purchasing an additional 793 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Onsemi by 22.0% during the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 768 shares during the period. Institutional investors own 97.70% of the company’s stock.

Onsemi Company Profile

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.