BNP Paribas restated their underperform rating on shares of Onsemi (NASDAQ:ON - Free Report) in a report issued on Friday morning, MarketBeat reports. They currently have a $55.00 price objective on the semiconductor company's stock.
Several other equities research analysts have also recently weighed in on ON. Evercore ISI initiated coverage on shares of Onsemi in a research report on Tuesday. They issued an outperform rating and a $104.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Onsemi from $95.00 to $90.00 and set a neutral rating for the company in a research report on Tuesday, February 6th. Rosenblatt Securities reissued a neutral rating and set a $75.00 target price on shares of Onsemi in a research report on Tuesday, February 6th. Mizuho decreased their target price on shares of Onsemi from $98.00 to $92.00 and set a buy rating for the company in a research report on Tuesday, February 6th. Finally, KeyCorp increased their target price on shares of Onsemi from $95.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Onsemi presently has a consensus rating of Moderate Buy and a consensus target price of $96.52.
Read Our Latest Research Report on ON
Onsemi Price Performance
Shares of NASDAQ ON traded down $2.22 during mid-day trading on Friday, hitting $60.71. 9,857,945 shares of the company's stock traded hands, compared to its average volume of 7,318,626. The company's 50-day moving average is $74.67 and its two-hundred day moving average is $76.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. The company has a market capitalization of $26.10 billion, a P/E ratio of 12.42, a PEG ratio of 6.27 and a beta of 1.80. Onsemi has a 1 year low of $60.26 and a 1 year high of $111.35.
Onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. The firm had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business's revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. On average, equities analysts anticipate that Onsemi will post 4.32 EPS for the current fiscal year.
Institutional Trading of Onsemi
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. grew its position in Onsemi by 9.6% during the first quarter. First Trust Direct Indexing L.P. now owns 12,130 shares of the semiconductor company's stock valued at $892,000 after buying an additional 1,059 shares during the period. Westside Investment Management Inc. grew its position in Onsemi by 5,500.0% during the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company's stock valued at $41,000 after buying an additional 550 shares during the period. Norden Group LLC acquired a new stake in Onsemi during the first quarter valued at $774,000. BluePath Capital Management LLC grew its position in shares of Onsemi by 61.8% in the first quarter. BluePath Capital Management LLC now owns 5,547 shares of the semiconductor company's stock valued at $408,000 after purchasing an additional 2,118 shares during the period. Finally, Graphene Investments SAS grew its position in shares of Onsemi by 20.2% in the first quarter. Graphene Investments SAS now owns 39,800 shares of the semiconductor company's stock valued at $2,927,000 after purchasing an additional 6,700 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.
Onsemi Company Profile
(
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.
See Also
Before you consider Onsemi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Onsemi wasn't on the list.
While Onsemi currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
