Onsemi (NASDAQ:ON) Given New $44.00 Price Target at Morgan Stanley

Onsemi (NASDAQ:ON - Free Report) had its target price reduced by Morgan Stanley from $52.00 to $44.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the semiconductor company's stock.

A number of other research firms also recently issued reports on ON. UBS Group lowered their target price on Onsemi from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Needham & Company LLC lowered their target price on Onsemi from $66.00 to $57.00 and set a "buy" rating on the stock in a research report on Monday. Roth Mkm reaffirmed a "buy" rating and issued a $100.00 target price on shares of Onsemi in a research report on Thursday, December 12th. StockNews.com raised Onsemi from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, KeyCorp lowered their price target on Onsemi from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.16.

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Onsemi Stock Up 1.7 %

Shares of Onsemi stock 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 company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 10.27 and a beta of 1.61. The stock has a fifty day moving average price of $59.01 and a two-hundred day moving average price of $66.95. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly 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%. Sell-side analysts predict that Onsemi will post 3.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This represents 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 the SEC website. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Greenleaf Trust increased its holdings in Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company's stock valued at $382,000 after purchasing an additional 173 shares during the period. Meridian Financial Partners LLC increased its holdings in Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company's stock valued at $821,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC increased its holdings in Onsemi by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock valued at $357,000 after purchasing an additional 207 shares during the period. Sentry Investment Management LLC increased its holdings in Onsemi by 3.0% in the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company's stock valued at $521,000 after purchasing an additional 209 shares during the period. Finally, CX Institutional increased its holdings in Onsemi by 5.2% in the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company's stock valued at $340,000 after purchasing an additional 232 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.