Of the 30 analysts covering onsemi stock, 20 have a Buy or Strong Buy rating. The others rate it at Hold. At a recent price of around $78.00 a share, the stock has outrun its median price target of $75.00. At the high price target of $85.00, the implied gain is 9%.
Fourth-quarter revenue is forecast at $2.08 billion, which would be down 5.2% sequentially but up 12.4% year over year. Adjusted EPS are forecast at $1.26, down 12.8% sequentially but 15.6% higher year over year. For the full 2022 fiscal year, analysts have estimated EPS of $5.27, up 78.7%, on a sales jump of 23.2% to $8.61 billion.
The stock trades at about 14.8 times expected 2022 EPS, 17.3 times estimated 2023 earnings of $4.49 and 15.7 times estimated 2024 earnings of $7.97 per share. The stock’s 52-week trading range is $44.76 to $78.50. The chipmaker does not pay a dividend, and total shareholder return over the past year was 30.57%.
A global supplier of beef, chicken, pork and prepared foods, Tyson Foods Inc. (NYSE: TSN) has shed more than 28% of its share price over the past 12 months. Shares have managed to add nearly 5% so far in 2023. In October, the company announced plans to close offices in Illinois and South Dakota and relocate employees who wished to move to its Arkansas headquarters. Hundreds of employees reportedly stayed put. Then earlier this month, the company said it plans to add 400 employees at an Illinois plant that produces packaged foods.
Of 13 analysts covering the stock, five have ratings of Buy or Strong Buy and six have Hold ratings. At a share price of around $65.00, the implied gain based on a median price target of $75.00 is 15.4%. At the high price target of $106.00, the implied gain is 63.1%.
For Tyson’s first quarter of fiscal 2023, analysts expect revenue of $13.51 billion, down 1.7% sequentially and up 4.5% year over year. Adjusted EPS are forecast at $1.39, down 14.6% sequentially and by 51.6% year over year. For the full fiscal year ending in September, Tyson is expected to report EPS of $6.30, down 27.8%, on sales of $55.14 billion, up 3.5%. These estimates do not point to a big recovery for the stock.
Tyson trades at 10.3 times expected 2023 EPS, 9.6 times estimated 2024 earnings of $6.79 and 8.2 times estimated 2025 earnings of $7.96 per share. The stock’s 52-week range is $59.38 to $100.72. The company pays an annual dividend of $1.92 (yield of 2.92%). The total shareholder return over the past year was negative 26.8%.
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