Onsemi (NASDAQ:ON - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 24,502 call options on the company. This represents an increase of 21% compared to the average daily volume of 20,321 call options.
Analyst Ratings Changes
A number of brokerages have issued reports on ON. Roth Mkm decreased their price target on Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday. Morgan Stanley decreased their price target on Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a report on Tuesday. UBS Group decreased their price target on Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $75.00 price target on shares of Onsemi in a report on Friday, February 7th. Finally, B. Riley cut their target price on Onsemi from $90.00 to $73.00 and set a "buy" rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Onsemi has a consensus rating of "Moderate Buy" and an average price target of $68.16.
View Our Latest Report on ON
Onsemi Price Performance
Shares of ON traded up $0.94 on Friday, reaching $51.86. The stock had a trading volume of 4,658,556 shares, compared to its average volume of 9,302,104. The firm has a 50-day moving average of $59.01 and a 200 day moving average of $66.95. The firm has a market capitalization of $22.08 billion, a PE ratio of 12.87, a PEG ratio of 10.27 and a beta of 1.61. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16.
Onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results 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 23.80% and a return on equity of 22.38%. Sell-side analysts expect that Onsemi will post 3.99 EPS for the current year.
Insider Activity at Onsemi
In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company's stock, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Onsemi
A number of large investors have recently bought and sold shares of ON. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the third quarter worth $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi during the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter worth $43,000. Institutional investors and hedge funds own 97.70% of the company's stock.
Onsemi Company Profile
(
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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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