Stifel Nicolaus Issues Pessimistic Forecast for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price objective cut by Stifel Nicolaus from $60.00 to $52.00 in a report published on Tuesday,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on the company. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Truist Financial reissued a “hold” rating and issued a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Susquehanna reduced their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research note on Tuesday. Finally, B. Riley reduced their price objective on Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Stock Performance

Shares of NASDAQ:ON opened at $50.92 on Tuesday. The business’s fifty day moving average price is $59.01 and its two-hundred day moving average price is $66.95. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

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

Insider Buying and Selling at Onsemi

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

Hedge Funds Weigh In On Onsemi

Several hedge funds have recently added to or reduced their stakes in ON. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in Onsemi in the third quarter valued at about $33,000. GHP Investment Advisors Inc. lifted its stake 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 buying an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Onsemi in the fourth quarter worth about $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi in the third quarter worth about $43,000. Institutional investors and hedge funds 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.