Onsemi (NASDAQ:ON) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Onsemi (NASDAQ:ON) have received an average rating of “Moderate Buy” from the twenty-five analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $90.24.

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. Mizuho decreased their price target on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group dropped their price target on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th.

Onsemi Price Performance

Shares of NASDAQ ON opened at $69.67 on Tuesday. The stock has a fifty day moving average of $72.19 and a 200-day moving average of $74.42. The stock has a market cap of $29.97 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.18 and a beta of 1.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business earned $1.19 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Onsemi will post 3.86 earnings per share for the current year.

Hedge Funds Weigh In On Onsemi

Several hedge funds and other institutional investors have recently modified their holdings of ON. Provence Wealth Management Group acquired a new stake in Onsemi during the third quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi during the 4th quarter valued at $32,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi during the fourth quarter worth $33,000. Private Wealth Management Group LLC acquired a new stake in Onsemi in the fourth quarter worth $33,000. Finally, Hanseatic Management Services Inc. acquired a new position in shares of Onsemi during the third quarter valued at about $38,000. 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.