Onsemi (NASDAQ:ON) Price Target Cut to $85.00 by Analysts at Jefferies Financial Group

Onsemi (NASDAQ:ON) had its price objective decreased by Jefferies Financial Group from $100.00 to $85.00 in a research note published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the semiconductor company’s stock.

A number of other research firms also recently issued reports on ON. The Goldman Sachs Group dropped their target price on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Morgan Stanley cut their target price on shares of Onsemi from $64.00 to $52.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 4th. Susquehanna decreased their price target on shares of Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. Truist Financial reissued a “hold” rating and issued a $60.00 price objective (down from $85.00) on shares of Onsemi in a research report on Friday, January 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.63.

Onsemi Trading Down 8.2 %

Onsemi stock opened at $47.04 on Monday. The stock has a 50-day moving average price of $60.06 and a 200 day moving average price of $67.34. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The stock has a market cap of $20.03 billion, a PE ratio of 11.67, a P/E/G ratio of 10.27 and a beta of 1.61. 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 issued its quarterly 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%. Equities research analysts predict that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

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 transaction of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Onsemi

Large investors have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Onsemi in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi during the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. increased its stake in shares of 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 during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the fourth quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Onsemi during the third quarter valued at $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.