Onsemi (NASDAQ:ON) Price Target Lowered to $64.00 at The Goldman Sachs Group

Onsemi (NASDAQ:ON) had its price objective cut by The Goldman Sachs Group from $77.00 to $64.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

ON has been the topic of a number of other reports. Rosenblatt Securities restated a “neutral” rating and set a $75.00 target price on shares of Onsemi in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. KeyCorp decreased their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Craig Hallum decreased their price objective on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Roth Mkm reiterated a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

Onsemi Stock Performance

Shares of ON stock opened at $47.93 on Tuesday. The company’s fifty day simple moving average is $59.62 and its 200-day simple moving average is $67.18. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $20.41 billion, a PE ratio of 11.89, a P/E/G ratio of 10.27 and a beta of 1.62. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Equities research analysts expect that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after buying an additional 82,614 shares during the period. Natixis Advisors LLC grew its position in shares of Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after buying an additional 18,450 shares during the period. Cinctive Capital Management LP acquired a new stake in shares of Onsemi during the 3rd quarter worth approximately $1,270,000. Blue Trust Inc. grew its position in shares of Onsemi by 16.1% during the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after buying an additional 1,119 shares during the period. Finally, Oak Thistle LLC bought a new position in shares of Onsemi in the 4th quarter worth $515,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Company Profile

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.