Citigroup Lowers Onsemi (NASDAQ:ON) Price Target to $52.00

Onsemi (NASDAQ:ON) had its target price lowered by analysts at Citigroup from $77.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s price target suggests a potential upside of 3.88% from the company’s current price.

ON has been the topic of a number of other research reports. Truist Financial restated a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Roth Mkm reissued a “buy” rating and set a $100.00 price objective on shares of Onsemi in a report on Thursday, December 12th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. TD Cowen decreased their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC cut their price objective on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.16.

Onsemi Stock Performance

NASDAQ:ON opened at $50.06 on Tuesday. The stock has a market cap of $21.32 billion, a P/E ratio of 12.42, a PEG ratio of 10.27 and a beta of 1.61. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $59.30 and its two-hundred day moving average price is $67.06. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16.

Onsemi (NASDAQ:ON) last announced its 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 net margin of 23.80% and a return on equity of 22.38%. As a group, equities analysts predict that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

A number of institutional investors have recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in shares of Onsemi during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter valued at $33,000. GHP Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Onsemi during the third quarter valued at $43,000. 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.