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

Shares of Onsemi (NASDAQ:ON) have been assigned an average rating of “Moderate Buy” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $67.12.

A number of brokerages have commented on ON. Craig Hallum decreased their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Benchmark cut their price target on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. B. Riley lowered their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital initiated coverage on shares of Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th.

Onsemi Stock Up 3.5 %

Shares of NASDAQ ON opened at $45.40 on Monday. Onsemi has a 12-month low of $43.33 and a 12-month high of $83.64. The firm’s 50-day simple moving average is $54.00 and its 200 day simple moving average is $64.64. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. On average, research analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onsemi

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Onsemi by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock valued at $3,224,081,000 after buying an additional 344,354 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Onsemi by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock worth $780,387,000 after acquiring an additional 1,041,989 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Onsemi by 3.0% in the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after purchasing an additional 309,445 shares during the last quarter. Norges Bank bought a new stake in shares of Onsemi in the fourth quarter worth $378,312,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Onsemi by 18.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company’s stock worth $316,195,000 after purchasing an additional 771,610 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

About Onsemi

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.