Onsemi (NASDAQ:ON - Get Free Report)'s share price reached a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $64.00 to $52.00. Morgan Stanley currently has an underweight rating on the stock. Onsemi traded as low as $50.34 and last traded at $49.91, with a volume of 610827 shares. The stock had previously closed at $52.34.
Other analysts also recently issued research reports about the company. Loop Capital began coverage on Onsemi in a research note on Monday, November 11th. They issued a "buy" rating and a $95.00 price objective on the stock. Susquehanna dropped their price target on shares of Onsemi from $80.00 to $70.00 and set a "positive" rating on the stock in a research report on Wednesday, January 22nd. Truist Financial restated a "hold" rating and set a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Onsemi from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Finally, Benchmark restated a "buy" rating and set a $90.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $80.50.
View Our Latest Analysis on Onsemi
Insiders Place Their Bets
In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 837,710 shares of the company's stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.
Institutional Trading of Onsemi
A number of large investors have recently bought and sold shares of the stock. Greenleaf Trust raised its holdings in shares of Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company's stock valued at $382,000 after buying an additional 173 shares during the last quarter. Meridian Financial Partners LLC raised its stake in shares of Onsemi by 1.7% in the third 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 during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Onsemi by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company's stock worth $350,000 after purchasing an additional 206 shares in the last quarter. Sentry Investment Management LLC grew its stake in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company's stock valued at $521,000 after purchasing an additional 209 shares during the last quarter. Finally, CX Institutional increased its holdings in shares of Onsemi by 5.2% in the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company's stock valued at $340,000 after purchasing an additional 232 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.
Onsemi Stock Up 1.4 %
The stock has a market cap of $22.33 billion, a P/E ratio of 13.01, a PEG ratio of 10.02 and a beta of 1.62. 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 firm's 50-day moving average is $60.99 and its two-hundred day moving average is $67.73.
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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