Onsemi (NASDAQ:ON) Receives $98.79 Average PT from Brokerages

Onsemi (NASDAQ:ON) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $98.52.

ON has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Susquehanna reissued a “positive” rating and set a $90.00 price target on shares of Onsemi in a research report on Monday, April 8th. Roth Mkm raised their price target on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $92.00 price target on shares of Onsemi in a research report on Tuesday, February 6th. Finally, Mizuho reduced their price target on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th.

Onsemi Price Performance

ON stock opened at $64.72 on Friday. Onsemi has a 1 year low of $61.47 and a 1 year high of $111.35. The company has a market cap of $27.82 billion, a P/E ratio of 13.24, a PEG ratio of 6.45 and a beta of 1.80. The firm has a 50-day moving average of $75.68 and a 200 day moving average of $76.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, beating 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 quarter last year, the firm earned $1.32 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Onsemi will post 4.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Provence Wealth Management Group bought a new position in Onsemi in the 3rd quarter worth $25,000. FinTrust Capital Advisors LLC bought a new position in Onsemi in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Onsemi in the 4th quarter worth $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in Onsemi in the 4th quarter worth $33,000. Finally, Private Wealth Management Group LLC purchased a new stake in Onsemi in the 4th quarter worth $33,000. Hedge funds and other 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.