Stifel Nicolaus Issues Pessimistic Forecast for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price objective dropped by equities research analysts at Stifel Nicolaus from $52.00 to $42.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 21.25% from the stock’s previous close.

A number of other brokerages have also issued reports on ON. Rosenblatt Securities reiterated a “neutral” rating and issued a $49.00 target price on shares of Onsemi in a research report on Thursday, February 27th. Roth Mkm lowered their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Susquehanna decreased their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research note on Tuesday, February 11th. Jefferies Financial Group cut their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Onsemi currently has a consensus rating of “Hold” and an average target price of $63.52.

Onsemi Price Performance

Shares of ON opened at $34.64 on Thursday. Onsemi has a 12 month low of $31.04 and a 12 month high of $80.08. The company has a market cap of $14.62 billion, a P/E ratio of 9.54, a PEG ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The stock has a fifty day moving average price of $43.28 and a 200 day moving average price of $57.22.

Onsemi (NASDAQ:ON) last posted its 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 20.10% and a net margin of 22.21%. On average, research analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Onsemi during the 4th quarter valued at about $378,312,000. Janus Henderson Group PLC lifted its stake in shares of Onsemi by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock worth $780,387,000 after buying an additional 1,041,989 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Onsemi by 35.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Onsemi during the 4th quarter worth $62,426,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Onsemi by 18.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company’s stock valued at $316,195,000 after purchasing an additional 771,610 shares during the last quarter. Hedge funds and other institutional investors 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.