Onsemi (NASDAQ:ON) Receives $63.52 Consensus Target Price from Brokerages

Shares of Onsemi (NASDAQ:ON) have been given an average recommendation of “Moderate Buy” by the twenty-three research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $62.24.

ON has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price target on shares of Onsemi in a research report on Monday, March 3rd. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. KeyCorp lowered their price objective on Onsemi from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their price objective on Onsemi from $52.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Mizuho lowered their price objective on Onsemi from $71.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday, March 24th.

Institutional Investors Weigh In On Onsemi

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Onsemi by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock worth $3,224,081,000 after buying an additional 344,354 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Onsemi by 9.2% in the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock worth $780,387,000 after buying an additional 1,041,989 shares during the last quarter. Norges Bank purchased a new position in shares of Onsemi in the 4th quarter worth approximately $378,312,000. Allspring Global Investments Holdings LLC grew its position in shares of Onsemi by 26.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock worth $203,462,000 after buying an additional 1,055,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Onsemi by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company’s stock worth $316,195,000 after buying an additional 771,610 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 1.0 %

NASDAQ ON opened at $40.04 on Tuesday. The stock’s 50 day moving average is $41.56 and its 200 day moving average is $55.65. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12 month low of $31.04 and a 12 month high of $80.08. The stock has a market cap of $16.90 billion, a PE ratio of 11.03, a P/E/G ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON) last posted 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 net margin of 22.21% and a return on equity of 20.10%. Research analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

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.