Onsemi (NASDAQ:ON) PT Lowered to $81.00

Onsemi (NASDAQ:ON) had its price target trimmed by The Goldman Sachs Group from $91.00 to $81.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other brokerages also recently commented on ON. Truist Financial cut their price objective on Onsemi from $94.00 to $89.00 and set a buy rating on the stock in a research report on Tuesday, February 6th. StockNews.com raised Onsemi from a sell rating to a hold rating in a research report on Wednesday, February 14th. Evercore ISI started coverage on Onsemi in a research report on Tuesday. They set an outperform rating and a $104.00 price target on the stock. Roth Mkm increased their price target on Onsemi from $75.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Finally, TD Cowen increased their price target on Onsemi from $80.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $96.52.

Onsemi Stock Performance

Shares of Onsemi stock opened at $60.71 on Tuesday. The stock’s fifty day moving average is $74.67 and its two-hundred day moving average is $76.43. The company has a market capitalization of $26.10 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 6.13 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. Onsemi has a 52 week low of $60.26 and a 52 week high of $111.35.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. Onsemi’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. As a group, analysts expect that Onsemi will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. HighTower Advisors LLC raised its stake in Onsemi by 3.2% in the first quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock valued at $1,716,000 after buying an additional 845 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Onsemi in the first quarter worth about $1,171,000. Yousif Capital Management LLC raised its stake in shares of Onsemi by 4.2% in the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 395 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Onsemi by 15.4% in the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 793 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Onsemi by 22.0% in the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 768 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.