The Goldman Sachs Group Cuts Onsemi (NASDAQ:ON) Price Target to $64.00

Onsemi (NASDAQ:ON) had its target price reduced by The Goldman Sachs Group from $77.00 to $64.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. BNP Paribas cut their price target on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Benchmark reissued a “buy” rating and set a $90.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Needham & Company LLC decreased their price objective on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday. Susquehanna decreased their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Up 1.7 %

Onsemi stock opened at $50.92 on Tuesday. 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 stock has a market cap of $21.68 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The firm’s 50-day simple moving average is $59.01 and its 200 day simple moving average is $66.95.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results 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 net margin of 23.80% and a return on equity of 22.38%. Research 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 business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Onsemi

Large investors have recently modified their holdings of the stock. Greenleaf Trust grew its holdings in Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 173 shares during the last quarter. Meridian Financial Partners LLC boosted its stake in shares of Onsemi by 1.7% during the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after acquiring an additional 192 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Onsemi by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 207 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after acquiring an additional 209 shares during the last quarter. Finally, CX Institutional boosted its stake in shares of Onsemi by 5.2% during the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other 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.