Onsemi (NASDAQ:ON) Given New $57.00 Price Target at Needham & Company LLC

Onsemi (NASDAQ:ON) had its price target decreased by Needham & Company LLC from $66.00 to $57.00 in a research note issued to investors on Monday,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also commented on ON. UBS Group lowered their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Mizuho set a $85.00 target price on shares of Onsemi in a report on Friday, October 18th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. KeyCorp lowered their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group cut their target price on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.63.

Onsemi Stock Down 8.2 %

Onsemi stock opened at $47.04 on Monday. The company’s 50-day moving average price is $60.06 and its two-hundred day moving average price is $67.34. 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 stock has a market cap of $20.03 billion, a P/E ratio of 11.67, a P/E/G ratio of 10.27 and a beta of 1.61. 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 return on equity of 22.38% and a net margin of 23.80%. As a group, analysts expect that Onsemi will post 3.99 EPS for the current year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Onsemi

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Onsemi during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi in the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. increased 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 buying an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Onsemi during the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Onsemi in 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.