Onsemi (NASDAQ:ON) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Onsemi (NASDAQ:ON) from a hold rating to a sell rating in a report published on Thursday morning.

Several other research analysts have also recently weighed in on ON. Stifel Nicolaus reduced their price target on shares of Onsemi from $82.00 to $72.00 and set a hold rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft increased their target price on Onsemi from $85.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Bank of America boosted their price target on Onsemi from $80.00 to $90.00 and gave the company a buy rating in a report on Tuesday, July 30th. B. Riley reiterated a buy rating and set a $103.00 price objective (down from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. Finally, Susquehanna upped their price target on Onsemi from $85.00 to $95.00 and gave the stock a positive rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $85.61.

Onsemi Stock Performance

Shares of Onsemi stock opened at $71.30 on Thursday. The stock’s fifty day simple moving average is $72.30 and its 200 day simple moving average is $72.99. The company has a current ratio of 3.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $30.68 billion, a PE ratio of 14.55, a PEG ratio of 3.12 and a beta of 1.69. Onsemi has a 12 month low of $59.34 and a 12 month high of $101.30.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $1.33 earnings per share. Onsemi’s revenue was down 17.2% compared to the same quarter last year. On average, research analysts predict that Onsemi will post 4.01 EPS for the current year.

Insider Activity at Onsemi

In related news, CFO Trent Thad sold 38,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares in the company, valued at approximately $24,074,193.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the transaction, the insider now directly owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now directly owns 331,829 shares in the company, valued at $24,074,193.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,850 shares of company stock worth $5,236,119. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Onsemi by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 50,341,366 shares of the semiconductor company’s stock worth $4,205,014,000 after purchasing an additional 321,682 shares in the last quarter. Capital World Investors acquired a new stake in shares of Onsemi during the 4th quarter worth $697,276,000. Norges Bank acquired a new stake in shares of Onsemi during the 4th quarter worth $418,102,000. Dimensional Fund Advisors LP grew its holdings in shares of Onsemi by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after purchasing an additional 665,633 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Onsemi by 1.0% during the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after purchasing an additional 42,117 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.