Onsemi (NASDAQ:ON - Free Report) had its price target lowered by Truist Financial from $60.00 to $52.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the semiconductor company's stock.
ON has been the subject of several other reports. Loop Capital initiated coverage on Onsemi in a report on Monday, November 11th. They issued a "buy" rating and a $95.00 target price for the company. Robert W. Baird lifted their price target on shares of Onsemi from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. TD Cowen cut their price objective on shares of Onsemi from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $75.00 target price on shares of Onsemi in a research report on Friday, February 7th. Finally, BNP Paribas reduced their price target on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.16.
Read Our Latest Analysis on ON
Onsemi Trading Up 1.8 %
Onsemi stock traded up $0.91 during mid-day trading on Tuesday, hitting $51.83. The company's stock had a trading volume of 5,963,346 shares, compared to its average volume of 8,215,611. 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 company has a 50 day moving average of $58.71 and a 200-day moving average of $66.77. Onsemi has a one year low of $46.57 and a one year high of $85.16. The stock has a market cap of $22.07 billion, a PE ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61.
Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results 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 return on equity of 22.38% and a net margin of 23.80%. On average, research analysts anticipate that Onsemi will post 3.99 EPS for the current year.
Insider Buying and Selling at Onsemi
In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company'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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Onsemi
Institutional investors and hedge funds have recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in shares of Onsemi by 3.4% in the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company's stock valued at $382,000 after purchasing an additional 173 shares during the last quarter. Meridian Financial Partners LLC increased its position in Onsemi by 1.7% during the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company's stock worth $821,000 after buying an additional 192 shares during the period. Truvestments Capital LLC lifted its stake in Onsemi by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock valued at $357,000 after buying an additional 207 shares during the last quarter. Sentry Investment Management LLC raised its position in Onsemi by 3.0% in the 3rd 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 boosted its stake in shares of Onsemi by 5.2% during the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company's stock worth $340,000 after buying an additional 232 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.
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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