Onsemi (NASDAQ:ON) Price Target Lowered to $60.00 at Roth Mkm

Onsemi (NASDAQ:ON) had its price target decreased by stock analysts at Roth Mkm from $100.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s target price would suggest a potential upside of 24.93% from the stock’s current price.

Other analysts have also issued reports about the company. Mizuho lowered their price target on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Stifel Nicolaus cut their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday. B. Riley cut their price objective on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.68.

Onsemi Stock Performance

Onsemi stock traded up $0.99 during mid-day trading on Tuesday, reaching $48.03. 4,573,657 shares of the stock traded hands, compared to its average volume of 9,316,722. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The business’s 50-day moving average is $60.06 and its 200-day moving average is $67.34. The stock has a market capitalization of $20.45 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 10.27 and a beta of 1.62. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Blueshift Asset Management LLC lifted its stake in shares of Onsemi by 50.1% during the 4th quarter. Blueshift Asset Management LLC now owns 8,092 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 2,702 shares during the period. iA Global Asset Management Inc. grew its stake in shares of Onsemi by 5.1% in the fourth quarter. iA Global Asset Management Inc. now owns 45,894 shares of the semiconductor company’s stock worth $2,894,000 after purchasing an additional 2,228 shares in the last quarter. Talos Asset Management LP acquired a new position in shares of Onsemi in the 4th quarter worth approximately $13,328,000. Teacher Retirement System of Texas grew its position in Onsemi by 39.2% during the 4th quarter. Teacher Retirement System of Texas now owns 4,010 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Onsemi by 2.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 171,244 shares of the semiconductor company’s stock valued at $10,797,000 after purchasing an additional 3,666 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other 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.