Onsemi (NASDAQ:ON) Upgraded at StockNews.com

StockNews.com upgraded shares of Onsemi (NASDAQ:ON) from a sell rating to a hold rating in a research report released on Tuesday morning.

Several other research analysts have also recently commented on ON. Benchmark reiterated a “buy” rating and issued a $90.00 target price on shares of Onsemi in a report on Tuesday. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. BNP Paribas decreased their target price on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Finally, Robert W. Baird raised their target price on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.91.

Onsemi Stock Down 4.3 %

Onsemi stock opened at $70.49 on Tuesday. The stock has a market cap of $30.01 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 7.89 and a beta of 1.65. The company has a current ratio of 3.07, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $71.43 and its two-hundred day moving average price is $71.49. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Onsemi’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. On average, analysts expect that Onsemi will post 4 EPS for the current fiscal year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

A number of institutional investors have recently modified their holdings of the company. Lifestyle Asset Management Inc. raised its position in shares of Onsemi by 6.4% in the third quarter. Lifestyle Asset Management Inc. now owns 13,476 shares of the semiconductor company’s stock valued at $978,000 after purchasing an additional 815 shares during the period. Avidian Wealth Enterprises LLC bought a new position in shares of Onsemi in the third quarter valued at approximately $201,000. Sentry Investment Management LLC raised its position in shares of Onsemi by 3.0% in 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. Catalyst Capital Advisors LLC raised its position in shares of Onsemi by 235.0% in the third quarter. Catalyst Capital Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 973 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Onsemi by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 186,997 shares of the semiconductor company’s stock valued at $13,578,000 after purchasing an additional 1,007 shares during the period. Institutional investors own 97.70% of the company’s stock.

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.