Onsemi (NASDAQ:ON - Get Free Report) had its price objective dropped by Stifel Nicolaus from $60.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the semiconductor company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 0.37% from the stock's previous close.
ON has been the topic of several other reports. BNP Paribas reduced their price objective on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Truist Financial restated a "hold" rating and issued a $60.00 price objective (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Susquehanna cut their price target on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating on the stock in a research note on Tuesday. Needham & Company LLC cut their price target on shares of Onsemi from $66.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Roth Mkm reiterated a "buy" rating and set a $100.00 price target on shares of Onsemi in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Onsemi currently has a consensus rating of "Moderate Buy" and an average price target of $68.16.
Get Our Latest Stock Analysis on ON
Onsemi Trading Up 1.7 %
Shares of NASDAQ ON traded up $0.89 during trading on Tuesday, hitting $51.81. 3,859,918 shares of the company were exchanged, compared to its average volume of 9,296,862. The firm has a market capitalization of $22.06 billion, a PE ratio of 12.87, a P/E/G ratio of 10.27 and a beta of 1.61. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The company has a fifty day moving average price of $59.01 and a 200-day moving average price of $66.95. 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 (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data 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, equities research analysts expect that Onsemi will post 3.99 EPS for the current 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 transaction of $106,500.00. Following the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.
Institutional Investors Weigh In On Onsemi
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Greenleaf Trust raised its stake in Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company's stock worth $382,000 after acquiring an additional 173 shares in the last quarter. Meridian Financial Partners LLC raised its stake in Onsemi by 1.7% during the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company's stock worth $821,000 after acquiring an additional 192 shares in the last quarter. Truvestments Capital LLC raised its stake in Onsemi by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after acquiring an additional 207 shares in the last quarter. Sentry Investment Management LLC raised its stake in Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company's stock worth $521,000 after acquiring an additional 209 shares in the last quarter. Finally, CX Institutional raised its stake in Onsemi by 5.2% during the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company's stock worth $340,000 after acquiring an additional 232 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.
About Onsemi
(
Get Free Report)
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.
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