Onsemi (NASDAQ:ON - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as $37.53 and last traded at $37.24, with a volume of 1869022 shares traded. The stock had previously closed at $40.76.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on ON. Mizuho lowered their target price on Onsemi from $71.00 to $62.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. Citigroup reduced their target price on shares of Onsemi from $77.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Onsemi from $88.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus decreased their target price on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Finally, Craig Hallum reduced their price objective on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.92.
Read Our Latest Research Report on ON
Onsemi Price Performance
The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $46.82 and a two-hundred day moving average of $59.73. The company has a market cap of $13.46 billion, a PE ratio of 8.80, a P/E/G ratio of 16.74 and a beta of 1.48.
Onsemi (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that Onsemi will post 2.6 earnings per share for the current fiscal year.
Institutional Trading of Onsemi
A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in Onsemi by 4.7% in the third quarter. HighTower Advisors LLC now owns 49,683 shares of the semiconductor company's stock worth $3,601,000 after purchasing an additional 2,229 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Onsemi by 19.7% in the third quarter. Integrated Wealth Concepts LLC now owns 4,548 shares of the semiconductor company's stock worth $330,000 after acquiring an additional 750 shares during the period. Quantinno Capital Management LP increased its position in Onsemi by 3.7% during the third quarter. Quantinno Capital Management LP now owns 56,322 shares of the semiconductor company's stock valued at $4,090,000 after acquiring an additional 2,028 shares during the last quarter. Stifel Financial Corp lifted its holdings in Onsemi by 2.9% in the third quarter. Stifel Financial Corp now owns 112,847 shares of the semiconductor company's stock valued at $8,194,000 after acquiring an additional 3,162 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of Onsemi by 68.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 5,989 shares of the semiconductor company's stock valued at $435,000 after acquiring an additional 2,440 shares during the period. Institutional investors own 97.70% of the company's stock.
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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