Onsemi (NASDAQ:ON - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 38,191 put options on the company. This is an increase of 80% compared to the average daily volume of 21,225 put options.
Onsemi Price Performance
Shares of NASDAQ:ON traded down $0.47 during midday trading on Monday, reaching $40.48. The company's stock had a trading volume of 4,790,785 shares, compared to its average volume of 7,098,682. The business's fifty day simple moving average is $48.92 and its 200-day simple moving average is $61.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a fifty-two week low of $39.37 and a fifty-two week high of $80.08. The company has a market capitalization of $17.06 billion, a P/E ratio of 11.16, a P/E/G ratio of 16.74 and a beta of 1.59.
Onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, equities research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Susquehanna cut their price target on Onsemi from $70.00 to $60.00 and set a "positive" rating for the company in a report on Tuesday, February 11th. KeyCorp decreased their price objective on Onsemi from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley cut their target price on Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a research note on Tuesday, February 11th. Finally, UBS Group reduced their target price on Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.50.
Read Our Latest Research Report on ON
Institutional Investors Weigh In On Onsemi
Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Onsemi by 28.8% in the third quarter. Larson Financial Group LLC now owns 1,816 shares of the semiconductor company's stock valued at $132,000 after acquiring an additional 406 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Onsemi by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 318,633 shares of the semiconductor company's stock worth $23,136,000 after purchasing an additional 18,723 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Onsemi by 8.5% during the third quarter. D.A. Davidson & CO. now owns 7,061 shares of the semiconductor company's stock worth $513,000 after purchasing an additional 552 shares during the period. Brooklyn Investment Group bought a new stake in Onsemi in the third quarter valued at about $126,000. Finally, Townsquare Capital LLC lifted its stake in Onsemi by 105.0% in the third quarter. Townsquare Capital LLC now owns 6,561 shares of the semiconductor company's stock valued at $476,000 after buying an additional 3,360 shares during the period. Institutional investors own 97.70% of the company's stock.
About Onsemi
(
Get Free Report)
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.
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