Onsemi (NASDAQ:ON) Price Target Lowered to $52.00 at Morgan Stanley

Onsemi (NASDAQ:ON) had its price objective decreased by Morgan Stanley from $64.00 to $52.00 in a research report released on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Mizuho set a $85.00 price objective on shares of Onsemi in a report on Friday, October 18th. KeyCorp dropped their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $50.58 on Tuesday. The firm’s 50-day moving average price is $61.72 and its 200-day moving average price is $67.95. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The company has a market cap of $21.54 billion, a PE ratio of 12.55, a PEG ratio of 10.02 and a beta of 1.62. Onsemi has a 52-week low of $49.80 and a 52-week high of $85.16.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Several large investors have recently bought and sold shares of ON. Geode Capital Management LLC boosted its stake in Onsemi by 3.0% during the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after buying an additional 309,445 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock worth $247,226,000 after buying an additional 1,037,624 shares during the period. Van ECK Associates Corp boosted its stake in Onsemi by 26.4% during the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after buying an additional 729,081 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Onsemi by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,404,589 shares of the semiconductor company’s stock worth $174,597,000 after buying an additional 31,889 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Onsemi by 19.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock worth $145,887,000 after buying an additional 326,734 shares during the period. Institutional investors 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.