UBS Group Lowers Onsemi (NASDAQ:ON) Price Target to $65.00

Onsemi (NASDAQ:ON) had its price target reduced by UBS Group from $72.00 to $65.00 in a research note released on Monday,Benzinga reports. UBS Group currently has a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group decreased their target price on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Robert W. Baird lifted their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Wells Fargo & Company reduced their target price on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Roth Mkm reissued a “buy” rating and set a $100.00 target price on shares of Onsemi in a research note on Thursday, December 12th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Onsemi Trading Down 4.0 %

Shares of NASDAQ:ON opened at $50.26 on Monday. The stock’s fifty day moving average price is $62.13 and its 200-day moving average price is $68.10. 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 company has a market cap of $21.40 billion, a P/E ratio of 12.47, a PEG ratio of 10.02 and a beta of 1.64. Onsemi has a 1 year low of $49.80 and a 1 year high of $85.16.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Onsemi

Several hedge funds and other institutional investors have recently bought and sold shares of ON. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter worth approximately $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the 4th quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.