Susquehanna Lowers Onsemi (NASDAQ:ON) Price Target to $60.00

Onsemi (NASDAQ:ON - Free Report) had its price target reduced by Susquehanna from $70.00 to $60.00 in a report released on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company's stock.

A number of other equities analysts have also recently commented on ON. UBS Group reduced their price objective on shares of Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group reduced their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a report on Monday. Roth Mkm reissued a "buy" rating and issued a $100.00 price target on shares of Onsemi in a report on Thursday, December 12th. TD Cowen cut their price objective on shares of Onsemi from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Craig Hallum decreased their target price on Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $68.16.

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Onsemi Stock Performance

NASDAQ:ON traded up $0.89 during mid-day trading on Tuesday, hitting $51.81. The stock had a trading volume of 3,859,918 shares, compared to its average volume of 9,296,862. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 10.27 and a beta of 1.61. The company's 50 day simple moving average is $59.01 and its 200 day simple moving average is $66.95.

Onsemi (NASDAQ:ON - Get Free Report) last released 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%. On average, equities research analysts forecast that Onsemi will post 3.99 earnings per share for the current year.

Insider Activity

In other Onsemi 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 value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ON. Capital Performance Advisors LLP bought a new stake in shares of Onsemi during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. grew its stake in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company's stock worth $38,000 after buying an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi during the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Onsemi in the 3rd quarter valued at $43,000. 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.