Onsemi (NASDAQ:ON) Earns “Neutral” Rating from Rosenblatt Securities

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

ON has been the subject of a number of other reports. BNP Paribas lowered their price target on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Robert W. Baird boosted their target price on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. KeyCorp dropped their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, B. Riley decreased their target price on Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Onsemi Price Performance

ON opened at $51.25 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a 1-year low of $49.80 and a 1-year high of $85.16. The company has a 50-day moving average of $60.60 and a 200-day moving average of $67.54. The company has a market capitalization of $21.82 billion, a P/E ratio of 12.72, a PEG ratio of 10.27 and a beta of 1.61.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s 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 sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Onsemi in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi in the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. lifted its position in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter worth approximately $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Onsemi during the fourth quarter valued at approximately $41,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.