Onsemi (NASDAQ:ON) PT Lowered to $72.00 at Stifel Nicolaus

Onsemi (NASDAQ:ONFree Report) had its price target cut by Stifel Nicolaus from $82.00 to $72.00 in a report issued on Thursday morning, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on ON. Evercore ISI assumed coverage on Onsemi in a research note on Tuesday, April 16th. They issued an outperform rating and a $104.00 price objective on the stock. KeyCorp boosted their price target on Onsemi from $95.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Truist Financial dropped their price target on Onsemi from $94.00 to $89.00 and set a buy rating on the stock in a research note on Tuesday, February 6th. Mizuho dropped their price target on Onsemi from $98.00 to $92.00 and set a buy rating on the stock in a research note on Tuesday, February 6th. Finally, TD Cowen boosted their price target on Onsemi from $80.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Onsemi presently has a consensus rating of Moderate Buy and an average price target of $96.52.

Get Our Latest Stock Report on Onsemi

Onsemi Stock Performance

NASDAQ:ON opened at $60.71 on Thursday. The stock has a market cap of $26.10 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 5.92 and a beta of 1.80. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $74.67 and its 200-day moving average is $76.24. Onsemi has a 1-year low of $60.26 and a 1-year high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. Equities research analysts anticipate that Onsemi will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Onsemi by 7,749.6% during the 4th quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company’s stock valued at $6,963,000 after buying an additional 82,301 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Onsemi by 3.6% during the 4th quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company’s stock valued at $11,739,000 after buying an additional 4,900 shares during the last quarter. Synergy Asset Management LLC lifted its position in shares of Onsemi by 91.5% during the 4th quarter. Synergy Asset Management LLC now owns 154,649 shares of the semiconductor company’s stock valued at $12,918,000 after buying an additional 73,909 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of Onsemi during the 4th quarter valued at $1,137,000. Finally, Chicago Capital LLC purchased a new stake in Onsemi during the 4th quarter worth about $3,860,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Onsemi (NASDAQ:ON)

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