Onsemi (NASDAQ:ON) Price Target Increased to $95.00 by Analysts at Susquehanna

Onsemi (NASDAQ:ON) had its price target lifted by Susquehanna from $85.00 to $95.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Several other research firms have also issued reports on ON. Morgan Stanley lowered Onsemi from an equal weight rating to an underweight rating and reduced their target price for the company from $70.00 to $65.00 in a report on Thursday, July 11th. TD Cowen decreased their target price on Onsemi from $90.00 to $85.00 and set a buy rating for the company in a research report on Tuesday, April 30th. Wells Fargo & Company cut their price target on shares of Onsemi from $110.00 to $95.00 and set an overweight rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group started coverage on shares of Onsemi in a research report on Monday, May 13th. They set a buy rating and a $100.00 price target for the company. Finally, Benchmark lowered their price objective on shares of Onsemi from $88.00 to $80.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $88.36.

Onsemi Trading Down 3.8 %

NASDAQ ON opened at $72.53 on Wednesday. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $31.20 billion, a P/E ratio of 14.80, a PEG ratio of 3.44 and a beta of 1.69. The business has a fifty day simple moving average of $72.70 and a 200 day simple moving average of $73.43. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm earned $1.19 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Onsemi will post 3.83 EPS for the current fiscal year.

Insider Transactions at Onsemi

In other news, Director Paul Anthony Mascarenas sold 911 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares in the company, valued at approximately $3,643,253.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total transaction of $2,756,900.00. Following the completion of the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the sale, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Onsemi by 12.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 33,846 shares of the semiconductor company’s stock worth $2,320,000 after purchasing an additional 3,819 shares in the last quarter. MONECO Advisors LLC boosted its stake in Onsemi by 6.2% in the second quarter. MONECO Advisors LLC now owns 17,135 shares of the semiconductor company’s stock worth $1,175,000 after buying an additional 994 shares in the last quarter. Williams Financial LLC bought a new position in Onsemi during the second quarter valued at approximately $442,000. Oakworth Capital Inc. purchased a new position in shares of Onsemi during the second quarter worth approximately $53,000. Finally, Meridian Financial Partners LLC bought a new stake in shares of Onsemi in the 2nd quarter worth approximately $838,000. 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.