Onsemi (NASDAQ:ON – Get Free Report) was the target of unusually large options trading activity on Tuesday. Investors purchased 34,266 put options on the company. This represents an increase of approximately 58% compared to the average daily volume of 21,639 put options.
Onsemi Trading Down 0.0 %
Shares of ON opened at $42.85 on Thursday. The business has a 50-day moving average of $52.80 and a 200 day moving average of $63.80. Onsemi has a fifty-two week low of $41.85 and a fifty-two week high of $82.33. The firm has a market cap of $18.06 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.
Onsemi (NASDAQ:ON – Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. As a group, research analysts forecast that Onsemi will post 2.6 EPS for the current year.
Institutional Trading of Onsemi
A number of hedge funds have recently bought and sold shares of ON. Capital Performance Advisors LLP bought a new position in shares of Onsemi during the third quarter valued at approximately $27,000. Atria Investments Inc raised its holdings in Onsemi by 9.0% in the third quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor company’s stock worth $1,112,000 after purchasing an additional 1,268 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Onsemi in the third quarter worth $33,000. Apollon Wealth Management LLC raised its holdings in Onsemi by 75.1% in the third quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company’s stock worth $773,000 after purchasing an additional 4,569 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Onsemi in the third quarter worth $2,147,000. Institutional investors own 97.70% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on ON. B. Riley reduced their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. The Goldman Sachs Group lowered their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Mizuho lowered their target price on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Finally, Roth Mkm reduced their target price on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.85.
View Our Latest Analysis on Onsemi
About Onsemi
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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