Onsemi (NASDAQ:ON) Price Target Cut to $50.00 by Analysts at Craig Hallum

Onsemi (NASDAQ:ON - Get Free Report) had its price target dropped by equities research analysts at Craig Hallum from $78.00 to $50.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the semiconductor company's stock. Craig Hallum's price objective indicates a potential downside of 3.49% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. BNP Paribas decreased their price target on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. UBS Group decreased their price target on Onsemi from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Mizuho decreased their price target on Onsemi from $85.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their target price on Onsemi from $92.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their target price on Onsemi from $85.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.16.

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Onsemi Price Performance

Shares of ON stock traded up $0.89 during trading hours on Tuesday, hitting $51.81. 3,859,918 shares of the company's stock were exchanged, compared to its average volume of 9,296,862. The stock's 50-day moving average is $59.01 and its 200-day moving average is $66.95. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. As a group, research analysts forecast that Onsemi will post 3.99 EPS for the current year.

Insider Activity at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares of the company's stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Onsemi

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Capital Performance Advisors LLP acquired a new stake in Onsemi in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. grew its stake in Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Onsemi in the fourth quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Onsemi in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.70% of the company's stock.

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.