Onsemi’s (ON) Neutral Rating Reaffirmed at Rosenblatt Securities

Onsemi (NASDAQ:ON)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $75.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 43.02% from the company’s current price.

ON has been the subject of a number of other research reports. Morgan Stanley reduced their price target on Onsemi from $64.00 to $52.00 and set an “underweight” rating for the company in a research report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $100.00 target price on shares of Onsemi in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $87.00 target price on shares of Onsemi in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Onsemi Stock Up 1.4 %

Onsemi stock opened at $52.44 on Friday. The company has a market capitalization of $22.33 billion, a P/E ratio of 13.01, a P/E/G ratio of 10.02 and a beta of 1.62. Onsemi has a 1-year low of $49.80 and a 1-year high of $85.16. The firm’s fifty day simple moving average is $60.99 and its 200-day simple moving average is $67.73. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ON. Machina Capital S.A.S. boosted its position in Onsemi by 327.1% in the 4th quarter. Machina Capital S.A.S. now owns 12,566 shares of the semiconductor company’s stock valued at $792,000 after buying an additional 9,624 shares during the last quarter. Andra AP fonden lifted its stake in shares of Onsemi by 2,388.4% during the fourth quarter. Andra AP fonden now owns 343,400 shares of the semiconductor company’s stock valued at $21,651,000 after acquiring an additional 329,600 shares during the period. E Fund Management Co. Ltd. boosted its holdings in Onsemi by 32.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 13,680 shares of the semiconductor company’s stock valued at $863,000 after acquiring an additional 3,341 shares during the last quarter. Carmel Capital Partners LLC increased its position in Onsemi by 13.1% in the fourth quarter. Carmel Capital Partners LLC now owns 26,798 shares of the semiconductor company’s stock worth $1,690,000 after purchasing an additional 3,109 shares during the period. Finally, Inceptionr LLC acquired a new position in Onsemi during the 4th quarter valued at about $758,000. 97.70% of the stock is owned by institutional investors.

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.