Onsemi’s (ON) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Onsemi (NASDAQ:ON) in a report published on Thursday,Benzinga reports. They currently have a $100.00 price target on the semiconductor company’s stock.

Several other analysts also recently commented on ON. TD Cowen decreased their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. KeyCorp lowered their price target on Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. BNP Paribas dropped their price objective on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price target on shares of Onsemi in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.87.

Onsemi Price Performance

ON opened at $65.96 on Thursday. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The firm has a market cap of $28.09 billion, a PE ratio of 16.37, a P/E/G ratio of 7.29 and a beta of 1.63. The stock has a 50-day moving average price of $69.45 and a 200-day moving average price of $71.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

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

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. The trade was a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 4,500 shares of company stock worth $321,765 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in Onsemi by 4.9% during the second quarter. Sequoia Financial Advisors LLC now owns 7,504 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 348 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Onsemi by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,723 shares of the semiconductor company’s stock valued at $1,009,000 after buying an additional 1,424 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Onsemi by 690.2% in the second quarter. Assenagon Asset Management S.A. now owns 101,318 shares of the semiconductor company’s stock worth $6,945,000 after buying an additional 88,496 shares during the last quarter. Blue Trust Inc. grew its holdings in Onsemi by 41.2% during the second quarter. Blue Trust Inc. now owns 6,474 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 1,889 shares during the period. Finally, Everpar Advisors LLC lifted its holdings in Onsemi by 9.6% in the second quarter. Everpar Advisors LLC now owns 3,450 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 302 shares during the period. 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.