Brokerages Set Onsemi (NASDAQ:ON) Target Price at $90.28

Shares of Onsemi (NASDAQ:ON) have earned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $90.28.

ON has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and set a $103.00 target price (down previously from $115.00) on shares of Onsemi in a research note on Tuesday, April 30th. TD Cowen lowered their price objective on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. The Goldman Sachs Group cut their target price on Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, Rosenblatt Securities decreased their target price on Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th.

Onsemi Price Performance

Shares of NASDAQ ON opened at $68.55 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.87. The firm has a market capitalization of $29.49 billion, a PE ratio of 13.99, a P/E/G ratio of 3.12 and a beta of 1.71. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35. The business’s fifty day moving average price is $70.90 and its two-hundred day moving average price is $74.32.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. Onsemi’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, research analysts expect that Onsemi will post 3.83 EPS for the current year.

Insiders Place Their Bets

In related news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the sale, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the sale, the chief financial officer now directly owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Advisors Network LLC lifted its position in Onsemi by 1.7% during the 4th quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after buying an additional 164 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Onsemi by 7.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after purchasing an additional 177 shares during the last quarter. STF Management LP increased its holdings in shares of Onsemi by 2.5% in the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 178 shares in the last quarter. Covestor Ltd raised its position in Onsemi by 24.5% in the 1st quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 190 shares during the last quarter. Finally, Quent Capital LLC raised its position in Onsemi by 25.3% in the 4th quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 198 shares during the last quarter. 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.