Onsemi (NASDAQ:ON) Price Target Lowered to $87.00 at Mizuho

Onsemi (NASDAQ:ON) had its target price reduced by Mizuho from $92.00 to $87.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also weighed in on ON. Stifel Nicolaus lowered their target price on Onsemi from $82.00 to $72.00 and set a hold rating for the company in a report on Thursday, April 18th. Wells Fargo & Company reduced their price target on Onsemi from $110.00 to $95.00 and set an overweight rating on the stock in a research report on Tuesday, April 23rd. Needham & Company LLC reaffirmed a buy rating and set a $92.00 price target on shares of Onsemi in a research report on Tuesday, February 6th. Susquehanna reduced their price target on Onsemi from $90.00 to $85.00 and set a positive rating on the stock in a research report on Tuesday. Finally, Rosenblatt Securities cut their target price on Onsemi from $75.00 to $70.00 and set a neutral rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $90.24.

Onsemi Stock Down 0.9 %

Onsemi stock opened at $70.16 on Tuesday. The business has a fifty day moving average of $72.95 and a two-hundred day moving average of $75.13. 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 firm has a market cap of $30.16 billion, a P/E ratio of 14.50, a P/E/G ratio of 6.71 and a beta of 1.80. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. Onsemi’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. On average, analysts forecast that Onsemi will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Provence Wealth Management Group purchased a new position in Onsemi in the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Onsemi in the 4th quarter valued at about $32,000. MeadowBrook Investment Advisors LLC purchased a new position in Onsemi in the 4th quarter valued at about $33,000. Private Wealth Management Group LLC purchased a new position in Onsemi in the 4th quarter valued at about $33,000. Finally, Hanseatic Management Services Inc. purchased a new position in Onsemi in the 3rd quarter valued at about $38,000. 97.70% of the stock is 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.