Brokerages Set Onsemi (NASDAQ:ON) Price Target at $63.52

Shares of Onsemi (NASDAQ:ON - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-three analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.24.

A number of brokerages recently commented on ON. KeyCorp reduced their price objective on shares of Onsemi from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Onsemi from $88.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus dropped 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, Wells Fargo & Company dropped their price target on Onsemi from $80.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th.

Onsemi Stock Down 0.8 %

Shares of Onsemi stock traded down $0.33 during trading hours on Tuesday, reaching $39.63. 7,554,416 shares of the company were exchanged, compared to its average volume of 7,502,272. The stock's fifty day moving average is $41.87 and its 200 day moving average is $56.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08. The firm has a market cap of $16.73 billion, a PE ratio of 10.92, a PEG ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

Several large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC lifted its holdings in shares of Onsemi by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 320 shares during the period. Elequin Capital LP raised its stake in shares of Onsemi by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 274 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the 4th quarter worth approximately $41,000. Opal Wealth Advisors LLC bought a new position in Onsemi during the first quarter valued at $41,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Onsemi during the 4th quarter worth $43,000. Institutional investors and hedge funds own 97.70% of the company's stock.

About Onsemi

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.