Onsemi (NASDAQ:ON) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Onsemi (NASDAQ:ON) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $49.00 price objective on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the stock. Roth Mkm cut their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Craig Hallum decreased their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. KeyCorp cut their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Susquehanna cut their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.12.

Onsemi Price Performance

Shares of NASDAQ ON opened at $47.38 on Thursday. The business has a 50-day simple moving average of $56.17 and a two-hundred day simple moving average of $65.60. The company has a market cap of $19.97 billion, a PE ratio of 13.05, a P/E/G ratio of 16.74 and a beta of 1.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16.

Onsemi (NASDAQ:ON) last posted its 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 return on equity of 20.10% and a net margin of 22.21%. As a group, equities analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Trading of Onsemi

Several hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Onsemi by 25.9% in the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after purchasing an additional 82,614 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Onsemi by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after acquiring an additional 18,450 shares during the period. Cinctive Capital Management LP purchased a new stake in Onsemi in the 3rd quarter valued at approximately $1,270,000. Blue Trust Inc. raised its position in Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after acquiring an additional 1,119 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in Onsemi during the fourth quarter worth about $515,000. Institutional investors and hedge funds 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.