Onsemi (NASDAQ:ON) Receives $98.79 Average PT from Analysts

Shares of Onsemi (NASDAQ:ONGet Free Report) have received an average rating of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $98.79.

Several equities analysts have recently issued reports on ON shares. Mizuho decreased their price target on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price target on shares of Onsemi in a report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price target on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. KeyCorp boosted their price target on shares of Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th.

View Our Latest Report on Onsemi

Onsemi Price Performance

ON opened at $66.64 on Friday. The company has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $77.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a 52 week low of $61.47 and a 52 week high of $111.35. The firm has a market capitalization of $28.65 billion, a PE ratio of 13.63, a P/E/G ratio of 6.45 and a beta of 1.80.

Onsemi (NASDAQ:ONGet Free Report) last released its earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Onsemi will post 4.34 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Michigan Retirement System raised its holdings in shares of Onsemi by 3.6% in the 4th quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company’s stock valued at $11,739,000 after purchasing an additional 4,900 shares during the period. Synergy Asset Management LLC boosted its position in shares of Onsemi by 91.5% during the 4th quarter. Synergy Asset Management LLC now owns 154,649 shares of the semiconductor company’s stock worth $12,918,000 after acquiring an additional 73,909 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $1,137,000. Chicago Capital LLC acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $3,860,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of Onsemi during the 4th quarter worth approximately $1,921,000. 97.70% of the stock is owned by institutional investors.

Onsemi Company Profile

(Get Free Report

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.

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Analyst Recommendations for Onsemi (NASDAQ:ON)

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