Onsemi (NASDAQ:ON) Review reiterated by B. Riley

Onsemi (NASDAQ:ON – Get a Free Report)Analysts at B. Riley reissued the stock with a “buy” rating in a note issued to investors on Tuesday, Benzinga reports. They currently have a $103.00 price target on the semiconductor company’s stock, down from their previous price target of $115.00. B. Riley’s price target indicates a potential upside of 49.25% from the company’s current share price. B. Riley also released estimates for Onsemi’s Q2 2024 earnings of $0.92 per share, Q3 2024 earnings of $0.96 per share, Q4 2024 earnings of $0. .97 per share, fiscal year 2024 earnings of $3.92 per share, first quarter 2025 earnings of $1.02 per share, second quarter 2025 earnings of $1.13 per share, third quarter Profit for 2025 at $1.27 per share and profit for Q4 2025 at $1.25 per share.

ON has been the subject of several other investigative reports. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $92.00 target price on Onsemi’s stock in a research note on Tuesday. The Goldman Sachs Group lowered their price target on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16. Mizuho lowered its price target on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, BNP Paribas reissued an “underperform” rating and set a $55.00 target price on shares of Onsemi in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $90.24.

Read our latest analysis on ON

Onsemi trading fell 1.6%

Onsemi stock opened at $69.01 on Tuesday. The stock has a market cap of $29.66 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 7.03 and a beta of 1.80. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The company’s fifty-day moving average price is $72.80 and its 200-day moving average price is $74.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.87.

Onsemi (NASDAQ:ON – Get Free Report) last reported its quarterly results on Monday, April 29. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst expectations of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company’s quarterly revenue fell 4.9% year over year. In the same quarter of the previous year, the company posted earnings per share of $1.19. Equities research analysts predict that Onsemi will post earnings per share of 4.23 for the current fiscal year.

Institutional trading in Onsemi

Several major investors have recently changed their positions in ON. Provence Wealth Management Group bought a new stake in Onsemi stock in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Onsemi in the fourth quarter valued at approximately $32,000. MeadowBrook Investment Advisors LLC bought a new stake in Onsemi in the fourth quarter valued at approximately $33,000. Private Wealth Management Group LLC bought a new stake in Onsemi in the fourth quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. purchased. a new stake in Onsemi worth approximately $38,000 in the third quarter. 97.70% of the shares are held by institutional investors.

About Onsemi

(Get a free report)

onsemi is involved in disruptive innovations and is also a supplier of power and analog semiconductors. The company offers vehicle electrification and safety, sustainable energy networks, industrial automation and 5G and cloud infrastructure, with a focus on the 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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