Onsemi (NASDAQ:ON) PT Lowered to $87.00 at Mizuho

Onsemi (NASDAQ:ON) had its price objective decreased by Mizuho from $92.00 to $87.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Mizuho’s price objective points to a potential upside of 22.85% from the stock’s current price.

ON has been the subject of several other research reports. KeyCorp upped their price target on shares of Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. BNP Paribas reiterated an “underperform” rating and issued a $55.00 price target on shares of Onsemi in a report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, Rosenblatt Securities reduced their price target on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.48.

Onsemi Stock Up 4.1 %

Shares of NASDAQ ON opened at $70.82 on Tuesday. The stock has a market cap of $30.44 billion, a P/E ratio of 14.48, a P/E/G ratio of 6.71 and a beta of 1.80. The firm has a 50 day moving average price of $73.11 and a 200 day moving average price of $75.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 earnings per share. Analysts expect that Onsemi will post 4.26 EPS for the current year.

Institutional Investors Weigh In On Onsemi

A number of hedge funds have recently made changes to their positions in ON. Provence Wealth Management Group bought a new stake in shares of Onsemi during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Onsemi during the 4th quarter worth $32,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Onsemi during the 4th quarter worth $33,000. Private Wealth Management Group LLC bought a new stake in shares of Onsemi during the 4th quarter worth $33,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Onsemi during the 3rd quarter worth $38,000. 97.70% of the stock is currently owned by institutional investors.

About Onsemi

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.