Onsemi (NASDAQ:ON) Price Target Cut to $81.00

Onsemi (NASDAQ:ON) had its target price dropped by equities research analysts at The Goldman Sachs Group from $91.00 to $81.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 25.64% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Mizuho cut their price objective on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. KeyCorp raised their price objective on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research report on Tuesday, February 6th. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.52.

Onsemi Trading Down 0.4 %

Shares of ON stock opened at $64.47 on Tuesday. The firm has a 50 day moving average price of $75.43 and a two-hundred day moving average price of $76.75. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $27.71 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 6.36 and a beta of 1.80. Onsemi has a 12-month low of $61.47 and a 12-month high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 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 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. As a group, analysts predict that Onsemi will post 4.34 earnings per share for the current year.

Institutional Trading of Onsemi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Provence Wealth Management Group bought a new stake in shares of Onsemi during the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Onsemi in the fourth quarter worth $32,000. Private Wealth Management Group LLC bought a new stake in shares of Onsemi in the fourth quarter worth $33,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Onsemi in the fourth quarter worth $33,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Onsemi in the fourth quarter worth $25,000. 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.