Onsemi (NASDAQ:ON) Given New $52.00 Price Target at Stifel Nicolaus

Onsemi (NASDAQ:ON) had its price objective cut by Stifel Nicolaus from $60.00 to $52.00 in a research report released on Tuesday,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group dropped their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday. Roth Mkm restated a “buy” rating and issued a $100.00 price target on shares of Onsemi in a research note on Thursday, December 12th. Loop Capital initiated coverage on Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price target on the stock. Benchmark restated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Morgan Stanley dropped their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

Onsemi Price Performance

Shares of ON opened at $47.93 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The stock has a 50 day simple moving average of $59.62 and a 200 day simple moving average of $67.18. Onsemi has a 52-week low of $46.57 and a 52-week high of $85.16. The firm has a market capitalization 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 (NASDAQ:ON) last released its quarterly 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%. Sell-side analysts predict that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

A number of hedge funds have recently made changes to their positions in ON. Capital Performance Advisors LLP bought a new position in shares of Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi during the third quarter worth about $33,000. GHP Investment Advisors Inc. raised its position in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the fourth quarter worth about $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi in the third quarter worth approximately $43,000. 97.70% of the stock is currently owned by 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.