Onsemi’s (ON) “Buy” Rating Reaffirmed at B. Riley

B. Riley restated their buy rating on shares of Onsemi (NASDAQ:ON) in a research report report published on Tuesday, Benzinga reports. B. Riley currently has a $103.00 price target on the semiconductor company’s stock, down from their previous price target of $115.00.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Onsemi from $82.00 to $72.00 and set a hold rating on the stock in a research report on Thursday, April 18th. Roth Mkm boosted their price target on shares of Onsemi from $75.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. BNP Paribas restated an underperform rating and issued a $55.00 price target on shares of Onsemi in a research report on Friday, April 19th. Morgan Stanley reduced their price target on shares of Onsemi from $80.00 to $70.00 and set an equal weight rating on the stock in a research report on Monday, April 22nd. Finally, KeyCorp boosted their price target on shares of Onsemi from $95.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Onsemi currently has a consensus rating of Moderate Buy and an average price target of $90.24.

Onsemi Trading Down 0.9 %

Onsemi stock opened at $70.16 on Tuesday. The stock has a market cap of $30.16 billion, a P/E ratio of 14.50, a PEG ratio of 6.71 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35. The firm’s 50 day moving average price is $72.95 and its 200-day moving average price is $75.13.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. On average, equities analysts predict that Onsemi will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of Onsemi

A number of large investors have recently made changes to their positions in the stock. Integrated Advisors Network LLC lifted its stake in Onsemi by 1.7% in the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after acquiring an additional 164 shares during the period. Lindbrook Capital LLC lifted its stake in Onsemi by 10.8% in the third quarter. Lindbrook Capital LLC now owns 1,773 shares of the semiconductor company’s stock worth $165,000 after acquiring an additional 173 shares during the period. Perigon Wealth Management LLC lifted its stake in Onsemi by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 177 shares during the period. STF Management LP lifted its stake in Onsemi by 2.5% in the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 178 shares during the period. Finally, Quent Capital LLC lifted its stake in Onsemi by 25.3% in the fourth quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 198 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.