B. Riley Has Lowered Expectations for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price objective cut by analysts at B. Riley from $90.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective suggests a potential upside of 45.83% from the stock’s previous close.

A number of other analysts also recently weighed in on ON. Mizuho reduced their target price on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday. BNP Paribas lowered their target price on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Susquehanna reduced their price objective on Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley dropped their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, KeyCorp reduced their price target on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Trading Up 4.4 %

NASDAQ:ON opened at $50.06 on Tuesday. The company has a 50-day moving average price of $59.30 and a 200-day moving average price of $67.06. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 10.27 and a beta of 1.61. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Equities analysts predict that Onsemi will post 3.99 EPS for the current year.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

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