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

Onsemi (NASDAQ:ON) had its target price cut by stock analysts at Stifel Nicolaus from $60.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 8.17% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday. KeyCorp reduced their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. BNP Paribas dropped their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Robert W. Baird lifted their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Citigroup dropped their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Onsemi Stock Up 2.2 %

NASDAQ:ON traded up $1.03 during trading hours on Tuesday, hitting $48.07. 3,785,122 shares of the stock traded hands, compared to its average volume of 9,274,121. The firm has a 50 day moving average price of $60.06 and a 200 day moving average price of $67.34. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 10.27 and a beta of 1.62. Onsemi has a fifty-two week low of $46.57 and a fifty-two week 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.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS 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%. Equities research analysts anticipate that Onsemi will post 3.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Onsemi

Large investors have recently modified their holdings of the stock. Greenleaf Trust lifted its position in shares of Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after buying an additional 173 shares during the period. Meridian Financial Partners LLC boosted its stake in shares of Onsemi by 1.7% in the 3rd quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after purchasing an additional 192 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Onsemi by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 207 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 209 shares in the last quarter. Finally, CX Institutional lifted its holdings in Onsemi by 5.2% during the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after purchasing an additional 232 shares during the last quarter. 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.