Onsemi (NASDAQ:ON) Receives $80.50 Consensus Target Price from Analysts

Shares of Onsemi (NASDAQ:ON - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-four brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $80.50.

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. Morgan Stanley lowered their price objective on Onsemi from $64.00 to $52.00 and set an "underweight" rating on the stock in a research note on Tuesday. Roth Mkm restated a "buy" rating and set a $100.00 target price on shares of Onsemi in a research report on Thursday, December 12th. Truist Financial reiterated a "hold" rating and issued a $60.00 price target (down from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Finally, Mizuho set a $85.00 price objective on Onsemi in a report 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 dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company's stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently modified their holdings of ON. Creative Planning raised its stake in Onsemi by 11.2% during the 2nd quarter. Creative Planning now owns 21,991 shares of the semiconductor company's stock worth $1,507,000 after buying an additional 2,215 shares during the period. Czech National Bank raised its position in shares of Onsemi by 6.4% during the third quarter. Czech National Bank now owns 87,260 shares of the semiconductor company's stock worth $6,336,000 after purchasing an additional 5,276 shares during the period. Fulton Bank N.A. acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $209,000. Mather Group LLC. increased its stake in Onsemi by 23.3% during the 3rd quarter. Mather Group LLC. now owns 4,155 shares of the semiconductor company's stock worth $302,000 after purchasing an additional 784 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in Onsemi by 4.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company's stock worth $350,000 after buying an additional 206 shares during the period. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Performance

ON traded up $0.72 during trading on Thursday, reaching $52.44. 8,145,316 shares of the company's stock were exchanged, compared to its average volume of 8,758,720. Onsemi has a fifty-two week low of $49.80 and a fifty-two week high of $85.16. The company has a market capitalization of $22.33 billion, a P/E ratio of 13.01, a PEG ratio of 10.02 and a beta of 1.62. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $61.35 and a 200 day moving average price of $67.83.

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.