Onsemi (NASDAQ:ON) Given Neutral Rating at Rosenblatt Securities

Onsemi (NASDAQ:ON)‘s stock had its “neutral” rating reaffirmed by Rosenblatt Securities in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $75.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 1.86% from the stock’s previous close.

Several other research firms have also recently weighed in on ON. Bank of America upped their price objective on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Needham & Company LLC cut their target price on Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup lowered Onsemi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $85.00 to $77.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft upped their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on Onsemi from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.91.

Onsemi Stock Down 1.4 %

ON stock opened at $73.63 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $71.43 and its 200 day moving average is $71.49. The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 3.82 and a beta of 1.65. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. Onsemi’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. Sell-side analysts predict that Onsemi will post 4.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value 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 $61,018,959.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Onsemi

Several hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its stake in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 550 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Onsemi during the 2nd quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC bought a new stake in Onsemi during the 1st quarter valued at about $45,000. Institutional investors own 97.70% of the company’s stock.

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.