Onsemi (NASDAQ:ON) Receives $66.50 Consensus Target Price from Analysts

Shares of Onsemi (NASDAQ:ON) have been given a consensus rating of “Moderate Buy” by the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $66.50.

Several equities research analysts have issued reports on ON shares. KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Rosenblatt Securities reiterated a “neutral” rating and issued a $49.00 price target on shares of Onsemi in a report on Thursday, February 27th. Citigroup decreased their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their price target on Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th.

Onsemi Trading Down 1.2 %

Shares of ON stock opened at $40.20 on Friday. The stock has a market cap of $16.94 billion, a P/E ratio of 11.07, a P/E/G ratio of 16.74 and a beta of 1.59. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a fifty-two week low of $39.10 and a fifty-two week high of $80.08. The business has a fifty day simple moving average of $48.33 and a 200-day simple moving average of $60.72.

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, analysts forecast that Onsemi will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onsemi

A number of hedge funds have recently bought and sold shares of the business. Elequin Capital LP grew its position in shares of Onsemi by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after buying an additional 274 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the 4th quarter worth $41,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi in the 3rd quarter worth about $43,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Onsemi in the 4th quarter valued at about $43,000. Finally, Synergy Asset Management LLC bought a new position in shares of Onsemi during the fourth quarter worth about $51,000. 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.