According to Bloomberg Ratings, the twenty-seven brokerages that cover Onsemi (NASDAQ: ON) give the company’s shares a recommendation that is, on average, “Moderate Buy.” The stock was given a rating of “Hold” by seven of the equity research professionals polled, while a rating of “buy” was given by thirteen. The $74.18 per share is the 12-month target price determined by analysts who have covered the stock in the recent past. Analysts’ consensus determined this price.
Analysts’ research projects and papers have been conducted with ON as their focus.
According to a research note published on Friday, November 4, Trust Financial announced that the price objective it had previously established for Onsemi shares had been lowered to $72.00. Benchmark announced the reduction of their price target for Onsemi shares to $69 in a research note published on November 4. It was stated that the price target for Onsemi decreased to $75.00 in a research report by Rosenblatt Securities on November 4. The report was made available to the general public. In a research note published on November 1, a Tuesday, Morgan Stanley increased their price objective for Onsemi shares from $65.00 to $70.40 and classified the company as “equal weight.” In a report published on November 1, Susquehanna Bancshares lowered its price target on On Semiconductor shares from $82.00 to $80.00 and assigned the company a “positive” rating overall. After the market had already closed, the analysis was made public.
On Wednesday, ON started trading for $65.87. The company’s market capitalization is currently sitting at $28.48 billion. It has a price-to-earnings ratio of 17.06, a price-to-earnings-to-growth ratio of 0.71, and a beta value of 1.76. These metrics serve as the basis for determining the value of the company. The moving average for the stock over the past 50 days is $67.71, and the moving average over the past 200 days is, respectively, $65.42. The debt-to-equity ratio comes in at 0.4, the current ratio comes in at 3.02, the quick ratio comes in at 2.12, and the current ratio comes in at 3.02. Over the past year, the cost of Onsemi has fluctuated between $44.76 and $77.28, hitting an all-time low of $44.76 and an all-time high of $77.28.
On Monday, October 31, On semi (NASDAQ: ON) made public the results of its most recent quarterly financial report. The semiconductor manufacturer’s quarterly earnings per share came in at $1.45, which was $0.14 higher than the $1.31 projected by analysts on average to be the company’s earnings per share for the quarter. On semi had a return on equity of 43.37 percent, and the company’s net margin was 21.36 percent. The company’s revenue for the previous quarter came in at $2.19 billion, significantly higher than the market experts’ consensus estimate of $2.12 billion, which they had developed. The company reported a profit of $0.87 per share for the quarter, compared to the results it achieved during the same period the year before. Compared to the previous year, Onsemi’s quarterly revenue experienced an annual growth rate of 25.9% higher. On semi is expected to generate earnings of $5.28 per share during the current fiscal year, according to predictions made by industry experts.
In the most recent few months, several hedge funds and institutional investors have changed the amount of ON stock they are currently holding. During the second quarter, Artisan Partners Limited Partnership achieved a 26.3% increase in the proportion of Onsemi shares it owned. Artisan Partners Limited Partnership now has a total of 13,213,781 shares of the semiconductor company’s stock after purchasing an additional 2,752,815 shares during the most recent quarter for a total of 13,213,781 shares. The value of these shares on the market as of right now is $664,785,000. DURING THE THIRD QUARTER, Price T. Rowe Associates, Inc. (MD) made an astounding 188.7% increase in the amount of On semi-stock it held. Price T. Rowe Associates Inc. (MD) has increased the value of its holdings to $206,305,000 by purchasing an additional 2,163,419 shares of the semiconductor company’s stock since the beginning of this quarter. This brings the total value of its holdings to $206,305,000. FIFTHDELTA Ltd. increased the proportion of semi that it possesses by 116.4% during the second quarter.FIFTHDELTA Ltd. now owns a total of 2,952,438 shares of the semiconductor company after purchasing an additional 1,588,255 shares during the most recent quarter. The shares have an estimated market value of $148,537,000. Over the year’s first three months, Vanguard Group Inc. increased its holdings in Onsemi by 3.7%. Vanguard Group Inc. now has 41,662,400 shares held by the semiconductor manufacturer after purchasing an additional 1,494,114 shares during the most recent fiscal period. The total value of these holdings is calculated to be 2,608,483,000 dollars. And finally, during the first three months of the year, the portfolio of Prudential Financial Inc. saw an increase of 2,051.5% in the amount of On semi shares it held. Prudential Financial Inc. now holds a total of 1,326,098 shares of the company’s stock, which has a value of $83,028,000 following the acquisition of an additional 1,264,461 shares of the stock of the semiconductor company over the past three months. Hedge funds and other types of institutional investors own a total of 96.84 percent of the company’s shares.
In addition to being a provider of analog and power semiconductors, Onsemi continuously strives to push the limits of what is possible in terms of innovation. The company offers solutions for the electrification and safety of automobiles, sustainable energy grids, industrial automation, 5G networks, and cloud infrastructure. The automotive and industrial end markets are the company’s primary focus, providing the majority of its revenue. It is structured to be broken down into three distinct groups: the Intelligent Sensing Group, the Advanced Solutions Group, and the Power Solutions Group.