Onsemi (NASDAQ:ON) Price Target Cut to $65.00 by Analysts at UBS Group

Onsemi (NASDAQ:ON) had its price objective decreased by UBS Group from $72.00 to $65.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective indicates a potential upside of 28.09% from the stock’s current price.

A number of other research firms also recently commented on ON. Wells Fargo & Company dropped their price objective on Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $87.00 price objective on shares of Onsemi in a research note on Tuesday, November 19th. Truist Financial reaffirmed a “hold” rating and issued a $60.00 target price (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Finally, 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 research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Onsemi Trading Down 3.0 %

Shares of ON traded down $1.60 during trading hours on Monday, hitting $50.75. 3,882,276 shares of the stock traded hands, compared to its average volume of 8,856,110. The business has a fifty day moving average of $62.57 and a 200-day moving average of $68.28. The firm has a market capitalization of $21.61 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 10.02 and a beta of 1.62. Onsemi has a 1-year low of $49.80 and a 1-year high of $85.16. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Onsemi

In related 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 transaction 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 this link. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in Onsemi during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the third quarter worth $33,000. GHP Investment Advisors Inc. grew its stake in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Onsemi in the fourth quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Onsemi during the 3rd quarter worth $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.