Onsemi (NASDAQ:ON) Price Target Cut to $52.00 by Analysts at Morgan Stanley

Onsemi (NASDAQ:ON - Free Report) had its price target cut by Morgan Stanley from $64.00 to $52.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the semiconductor company's stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group decreased their target price on shares of Onsemi from $92.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Susquehanna lowered their price objective on Onsemi from $80.00 to $70.00 and set a "positive" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com upgraded Onsemi from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Wells Fargo & Company dropped their price objective on Onsemi from $85.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Finally, TD Cowen reduced their target price on shares of Onsemi from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.50.

Onsemi Stock Performance

Onsemi stock traded up $0.72 during trading hours on Tuesday, hitting $52.44. The stock had a trading volume of 8,145,316 shares, compared to its average volume of 8,758,720. Onsemi has a fifty-two week low of $49.80 and a fifty-two week high of $85.16. The company has a market cap of $22.33 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 10.02 and a beta of 1.62. The company has a 50-day moving average of $60.99 and a two-hundred day moving average of $67.73. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 837,710 shares in the company, valued at $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Onsemi

Several institutional investors and hedge funds have recently modified their holdings of ON. Capital Performance Advisors LLP acquired a new position in shares of Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi in the 3rd quarter valued at approximately $33,000. GHP Investment Advisors Inc. lifted its stake in Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the 4th quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the third quarter valued at approximately $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.