In the preceding three months, 19 analysts have released ratings for ON Semiconductor ON, presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 5 | 3 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 9 | 4 | 3 | 1 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $85.32, with a high estimate of $104.00 and a low estimate of $55.00. A 7.07% drop is evident in the current average compared to the previous average price target of $91.81.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive ON Semiconductor is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Quinn Bolton | Needham | Maintains | Buy | $92.00 | $92.00 |
| Blayne Curtis | Jefferies | Raises | Buy | $100.00 | $95.00 |
| William Stein | Truist Securities | Lowers | Buy | $85.00 | $89.00 |
| Ross Seymore | Deutsche Bank | Lowers | Buy | $85.00 | $90.00 |
| Joshua Buchalter | TD Cowen | Lowers | Buy | $85.00 | $90.00 |
| Vijay Rakesh | Mizuho | Lowers | Buy | $87.00 | $92.00 |
| Craig Ellis | B. Riley Securities | Lowers | Buy | $103.00 | $115.00 |
| David Williams | Benchmark | Lowers | Buy | $80.00 | $88.00 |
| John Vinh | Keybanc | Lowers | Overweight | $90.00 | $100.00 |
| Kevin Cassidy | Rosenblatt | Lowers | Neutral | $70.00 | $75.00 |
| Christopher Rolland | Susquehanna | Lowers | Positive | $85.00 | $90.00 |
| Quinn Bolton | Needham | Maintains | Buy | $92.00 | - |
| Gary Mobley | Wells Fargo | Lowers | Overweight | $95.00 | $110.00 |
| Joseph Moore | Morgan Stanley | Lowers | Equal-Weight | $70.00 | $80.00 |
| David O'Connor | Exane BNP Paribas | Announces | Underperform | $55.00 | - |
| Tore Svanberg | Stifel | Lowers | Hold | $72.00 | $82.00 |
| Toshiya Hari | Goldman Sachs | Lowers | Buy | $81.00 | $91.00 |
| Mark Lipacis | Evercore ISI Group | Announces | Outperform | $104.00 | - |
| Christopher Rolland | Susquehanna | Maintains | Positive | $90.00 | $90.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ON Semiconductor. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ON Semiconductor compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of ON Semiconductor's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into ON Semiconductor's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on ON Semiconductor analyst ratings.
Unveiling the Story Behind ON Semiconductor
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
Understanding the Numbers: ON Semiconductor's Finances
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: ON Semiconductor's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -4.95%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: ON Semiconductor's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 24.32% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): ON Semiconductor's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.7% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): ON Semiconductor's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.39%, the company showcases efficient use of assets and strong financial health.
Debt Management: ON Semiconductor's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.41, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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