Stifel Nicolaus Has Lowered Expectations for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON - Free Report) had its price objective reduced by Stifel Nicolaus from $52.00 to $42.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the semiconductor company's stock.

Several other brokerages have also recently commented on ON. Jefferies Financial Group reduced their price objective on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Morgan Stanley reduced their price target on shares of Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Craig Hallum lowered their price target on Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Onsemi in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group dropped their price target on Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.52.

Onsemi Stock Performance

NASDAQ:ON traded up $0.54 during mid-day trading on Thursday, reaching $35.28. The stock had a trading volume of 3,498,157 shares, compared to its average volume of 7,479,157. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08. The business has a 50 day simple moving average of $42.97 and a 200 day simple moving average of $56.78. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onsemi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Vanguard Group Inc. boosted its holdings in Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Onsemi by 9.2% during the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Norges Bank acquired a new stake in Onsemi during the fourth quarter worth about $378,312,000. Dimensional Fund Advisors LP boosted its stake in Onsemi by 18.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after acquiring an additional 771,610 shares during the period. Finally, Capital International Investors raised its position in shares of Onsemi by 0.7% during the 4th quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock worth $265,737,000 after purchasing an additional 31,365 shares during the period. Hedge funds and other institutional investors 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.