Onsemi (NASDAQ:ON) Price Target Lowered to $60.00 at JPMorgan Chase & Co.

Onsemi (NASDAQ:ON - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $88.00 to $60.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company's stock.

Other research analysts have also recently issued reports about the company. Truist Financial reaffirmed a "hold" rating and set a $60.00 price objective (down from $85.00) on shares of Onsemi in a research note on Friday, January 10th. BNP Paribas reduced their price objective on Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Benchmark reaffirmed a "buy" rating and set a $90.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Roth Mkm reiterated a "buy" rating and set a $100.00 target price on shares of Onsemi in a report on Thursday, December 12th. Finally, Needham & Company LLC dropped their target price on shares of Onsemi from $66.00 to $57.00 and set a "buy" rating for the company in a report on Monday. 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 company's stock. Based on data from MarketBeat, Onsemi presently has an average rating of "Moderate Buy" and an average price target of $68.16.

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Onsemi Price Performance

ON traded up $0.88 during trading on Tuesday, reaching $51.80. The stock had a trading volume of 3,859,918 shares, compared to its average volume of 9,296,862. The stock has a market cap of $22.05 billion, a PE ratio of 12.87, a PEG ratio of 10.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a one year low of $46.57 and a one year high of $85.16. The business has a 50-day moving average of $59.01 and a 200-day moving average of $66.95.

Onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Onsemi

Several institutional investors have recently added to or reduced their stakes in the business. Greenleaf Trust boosted its holdings in shares of Onsemi by 3.4% during the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company's stock valued at $382,000 after acquiring an additional 173 shares during the period. Meridian Financial Partners LLC boosted its holdings in shares of Onsemi by 1.7% during the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company's stock valued at $821,000 after acquiring an additional 192 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Onsemi by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock valued at $357,000 after acquiring an additional 207 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company's stock valued at $521,000 after acquiring an additional 209 shares during the period. Finally, CX Institutional boosted its holdings in shares of Onsemi by 5.2% during the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company's stock valued at $340,000 after acquiring an additional 232 shares during the period. Institutional investors own 97.70% of the company's stock.

Onsemi Company Profile

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.