Onsemi (NASDAQ:ON) Given “Hold” Rating at Truist Financial

Truist Financial reissued their hold rating on shares of Onsemi (NASDAQ:ON) in a report issued on Friday, MarketBeat.com reports. They currently have a $60.00 price objective on the semiconductor company’s stock, down from their prior price objective of $85.00.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company initiated coverage on shares of Onsemi in a research report on Friday, November 22nd. They set an “overweight” rating and a $85.00 target price on the stock. Roth Mkm reissued a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a research note on Thursday, December 12th. Loop Capital began coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 target price for the company. BNP Paribas lowered their target price on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Finally, KeyCorp decreased their price target on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.43.

Onsemi Price Performance

ON opened at $53.94 on Friday. The stock has a fifty day moving average price of $67.20 and a 200 day moving average price of $70.35. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 1 year low of $53.60 and a 1 year high of $85.16. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 7.07 and a beta of 1.64.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company earned $1.39 EPS. The firm’s revenue was down 19.2% on a year-over-year basis. Analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onsemi

A number of large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi in the third quarter valued at about $33,000. GHP Investment Advisors Inc. lifted its position in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Onsemi during the 3rd quarter worth about $43,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Onsemi by 42.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 269 shares in the last quarter. 97.70% of the stock is currently owned by 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.