Analysts Set Onsemi (NASDAQ:ON) Price Target at $85.87

Onsemi (NASDAQ:ON) has been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $85.87.

ON has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Roth Mkm upped their price objective on shares of Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $87.00 price objective on shares of Onsemi in a research note on Tuesday, November 19th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Mizuho set a $85.00 price target on Onsemi in a research note on Friday, October 18th.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Onsemi in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi in the 3rd quarter worth $33,000. GHP Investment Advisors Inc. lifted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the 3rd quarter valued at $43,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Performance

NASDAQ ON opened at $72.39 on Friday. The firm’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $71.81. The firm has a market capitalization of $30.82 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 7.47 and a beta of 1.65. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was down 19.2% compared to the same quarter last year. As a group, research analysts expect that Onsemi will post 4 earnings per share for the current fiscal year.

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.