Onsemi’s (ON) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Onsemi (NASDAQ:ON) in a report published on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $49.00 target price on the semiconductor company’s stock.

A number of other analysts also recently issued reports on the stock. B. Riley dropped their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Citigroup dropped their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Craig Hallum decreased their target price on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus decreased their target price on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Stock Down 0.7 %

Shares of NASDAQ:ON opened at $47.05 on Thursday. The firm has a fifty day moving average price of $55.80 and a two-hundred day moving average price of $65.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a one year low of $46.04 and a one year high of $85.16. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 16.74 and a beta of 1.61.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Onsemi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Onsemi during the fourth quarter worth about $17,873,000. Polar Asset Management Partners Inc. bought a new stake in Onsemi during the fourth quarter worth about $4,640,000. Mackenzie Financial Corp boosted its stake in Onsemi by 23.1% during the fourth quarter. Mackenzie Financial Corp now owns 58,435 shares of the semiconductor company’s stock worth $3,684,000 after acquiring an additional 10,967 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in Onsemi during the fourth quarter worth about $5,088,000. Finally, GTS Securities LLC boosted its stake in Onsemi by 42.9% during the fourth quarter. GTS Securities LLC now owns 58,012 shares of the semiconductor company’s stock worth $3,658,000 after acquiring an additional 17,429 shares in the last quarter. 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.