Onsemi (NASDAQ:ON) Price Target Cut to $44.00 by Analysts at Morgan Stanley

Onsemi (NASDAQ:ONFree Report) had its target price lowered by Morgan Stanley from $52.00 to $44.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

Several other brokerages also recently issued reports on ON. Roth Mkm reissued a “buy” rating and set a $100.00 price objective on shares of Onsemi in a research report on Thursday, December 12th. KeyCorp reduced their target price on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Rosenblatt Securities restated a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

View Our Latest Research Report on ON

Onsemi Trading Up 1.9 %

Shares of Onsemi stock opened at $47.93 on Tuesday. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company has a market capitalization of $20.41 billion, a P/E ratio of 11.89, a PEG ratio of 10.27 and a beta of 1.62. The company’s fifty day moving average is $59.62 and its two-hundred day moving average is $67.18.

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

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. grew its holdings in Onsemi by 12,850.0% in the third 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 period. Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the third quarter valued at approximately $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Onsemi in the fourth quarter valued at approximately $41,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

About Onsemi

(Get Free Report)

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.

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Analyst Recommendations for Onsemi (NASDAQ:ON)

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