Onsemi (NASDAQ:ON) Given New $60.00 Price Target at Roth Mkm

Onsemi (NASDAQ:ON - Free Report) had its target price lowered by Roth Mkm from $100.00 to $60.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the semiconductor company's stock.

Several other equities research analysts have also recently issued reports on the company. UBS Group decreased their price objective on Onsemi from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Stifel Nicolaus decreased their price objective on Onsemi from $60.00 to $52.00 and set a "hold" rating on the stock in a report on Tuesday. Citigroup decreased their price objective on Onsemi from $77.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday. Truist Financial restated a "hold" rating and set a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a report on Friday, January 10th. Finally, Morgan Stanley decreased their price objective on Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a report on Tuesday. Two investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $68.16.

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Onsemi Price Performance

NASDAQ:ON traded up $0.94 during trading hours on Tuesday, reaching $51.86. 4,658,556 shares of the company traded hands, compared to its average volume of 9,302,104. The firm's 50-day moving average is $59.01 and its 200-day moving average is $66.95. The stock has a market cap of $22.08 billion, a P/E ratio of 12.87, a P/E/G ratio of 10.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16.

Onsemi (NASDAQ:ON - Get Free Report) last announced 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%. Equities research analysts expect that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Onsemi

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB grew its stake in Onsemi by 25.9% in the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock worth $25,724,000 after purchasing an additional 82,614 shares in the last quarter. Natixis Advisors LLC boosted its stake in Onsemi by 1.4% in the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company's stock valued at $98,169,000 after acquiring an additional 18,450 shares during the period. Cinctive Capital Management LP acquired a new position in Onsemi in the third quarter valued at approximately $1,270,000. Blue Trust Inc. boosted its stake in Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after acquiring an additional 1,119 shares during the period. Finally, Oak Thistle LLC acquired a new position in Onsemi in the fourth quarter valued at approximately $515,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.