Onsemi (NASDAQ: ON) has recently received a number of price target changes and ratings updates:
- 4/23/2024 – Onsemi had its price target lowered by analysts at Wells Fargo & Company from $110.00 to $95.00. They now have an “overweight” rating on the stock.
- 4/22/2024 – Onsemi had its price target lowered by analysts at Morgan Stanley from $80.00 to $70.00. They now have an “equal weight” rating on the stock.
- 4/19/2024 – Onsemi had its “underperform” rating reaffirmed by analysts at BNP Paribas. They now have a $55.00 price target on the stock.
- 4/18/2024 – Onsemi had its price target lowered by analysts at Stifel Nicolaus from $82.00 to $72.00. They now have a “hold” rating on the stock.
- 4/16/2024 – Onsemi is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $104.00 price target on the stock.
- 4/16/2024 – Onsemi had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $91.00 to $81.00. They now have a “buy” rating on the stock.
- 4/8/2024 – Onsemi had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $90.00 price target on the stock.
- 3/14/2024 – Onsemi had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $82.00 price target on the stock.
Onsemi Trading Up 1.7 %
ON stock traded up $1.03 during midday trading on Tuesday, hitting $61.68. The stock had a trading volume of 6,890,262 shares, compared to its average volume of 7,314,261. The firm has a market cap of $26.51 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 5.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The company’s 50-day moving average price is $74.26 and its 200 day moving average price is $76.05.
Onsemi (NASDAQ:ON – Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the company earned $1.32 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Onsemi will post 4.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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