Onsemi (NASDAQ:ON) Given Neutral Rating at Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Onsemi (NASDAQ:ON) in a research note published on Friday,Benzinga reports. The brokerage currently has a $75.00 target price on the semiconductor company’s stock.

A number of other brokerages have also recently weighed in on ON. Mizuho set a $85.00 price objective on Onsemi in a research note on Friday, October 18th. The Goldman Sachs Group lowered their price objective on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Truist Financial reissued a “hold” rating and set a $60.00 target price (down from $85.00) on shares of Onsemi in a research note on Friday, January 10th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Onsemi Trading Down 2.3 %

ON opened at $51.25 on Friday. The stock has a market capitalization of $21.82 billion, a PE ratio of 12.72, a P/E/G ratio of 10.27 and a beta of 1.61. Onsemi has a one year low of $49.80 and a one year high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The business’s 50 day moving average price is $60.60 and its 200 day moving average price is $67.54.

Insider Activity

In related 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 owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenleaf Trust lifted its stake in shares of Onsemi by 3.4% during the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 173 shares in the last quarter. Meridian Financial Partners LLC lifted its position in Onsemi by 1.7% during the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after acquiring an additional 192 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Onsemi by 4.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after acquiring an additional 206 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after purchasing an additional 209 shares during the period. Finally, CX Institutional lifted its position in shares of Onsemi by 5.2% during the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 232 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.