Onsemi (NASDAQ:ON) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Onsemi (NASDAQ:ON - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $62.24.

Several brokerages have recently commented on ON. The Goldman Sachs Group dropped their price target on shares of Onsemi from $77.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. KeyCorp dropped their target price on shares of Onsemi from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Craig Hallum lowered their price objective on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Finally, Roth Mkm dropped their price objective on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th.

Onsemi Price Performance

Shares of NASDAQ:ON traded down $0.43 during trading hours on Tuesday, hitting $39.53. 4,516,540 shares of the company's stock traded hands, compared to its average volume of 7,498,188. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The company's fifty day simple moving average is $42.12 and its two-hundred day simple moving average is $56.27. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. As a group, equities analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Trading of Onsemi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its stake in shares of Onsemi by 124.5% in the 1st quarter. Westside Investment Management Inc. now owns 2,110 shares of the semiconductor company's stock valued at $86,000 after purchasing an additional 1,170 shares during the last quarter. Skylands Capital LLC lifted its holdings in Onsemi by 16.2% in the first quarter. Skylands Capital LLC now owns 84,720 shares of the semiconductor company's stock valued at $3,447,000 after buying an additional 11,800 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Onsemi by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after acquiring an additional 1,055,461 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Onsemi by 8.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 758,340 shares of the semiconductor company's stock worth $31,046,000 after acquiring an additional 62,259 shares during the period. Finally, Artemis Investment Management LLP raised its position in shares of Onsemi by 5.1% during the 1st quarter. Artemis Investment Management LLP now owns 94,083 shares of the semiconductor company's stock valued at $3,828,000 after acquiring an additional 4,574 shares during the last quarter. Institutional investors and hedge funds 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.