onsemi (NASDAQ:ON) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of onsemi (NASDAQ:ON – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on ON. Evercore cut their price objective on shares of onsemi from $137.00 to $90.00 in a research report on Monday, November 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 target price on shares of onsemi in a report on Tuesday, November 3rd. Craig Hallum raised shares of onsemi from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $85.00 in a report on Tuesday, November 3rd. The Goldman Sachs Group dropped their target price on shares of onsemi from $95.00 to $85.00 in a research report on Tuesday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of onsemi in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.03.

Check Out Our Latest Research Report on ON

onsemi Price Performance

onsemi stock opened at $69.11 on Friday. The stock’s fifty day moving average price is $74.15 and its two-hundred day moving average price is $82.19. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.55 and a quick ratio of 2.49. The firm has a market cap of $26.90 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 0.57 and a beta of 2.11.

onsemi (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. As a group, research analysts expect that onsemi will post 3.27 EPS for the current fiscal year.

Insider Activity at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Greenleaf Trust increased its holdings in onsemi by 2.5% in the 3rd quarter. Greenleaf Trust now owns 5,890 shares of the semiconductor company’s stock worth $453,000 after buying an additional 144 shares in the last quarter. Compound Planning Inc. raised its position in onsemi by 3.9% in the 1st quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock worth $293,000 after buying an additional 179 shares during the last quarter. Brookstone Capital Management raised its position in onsemi by 5.6% in the 3rd quarter. Brookstone Capital Management now owns 5,318 shares of the semiconductor company’s stock worth $409,000 after buying an additional 284 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in onsemi by 5.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 6,193 shares of the semiconductor company’s stock valued at $476,000 after acquiring an additional 295 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in onsemi by 1.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 22,059 shares of the semiconductor company’s stock valued at $2,085,000 after acquiring an additional 298 shares during the period. Institutional investors own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

  • Positive Sentiment: onsemi was among semiconductor names reported to have rallied, providing a sector-wide tailwind for the stock. The article does not specify a company-specific catalyst for the move. Article: Semiconductor and technology shares rally
  • Neutral Sentiment: Vadzo Imaging announced camera products using onsemi image sensors, including a 4K camera with the AR1335 sensor and UAV and GigE/Wi-Fi cameras featuring other onsemi sensors. These applications may highlight product adoption, but the announcements disclose no sales, orders, or financial contribution. Article: Vadzo launches camera using onsemi sensor

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

Further Reading

Analyst Recommendations for onsemi (NASDAQ:ON)

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