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

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

A number of other equities analysts also recently commented on ON. Robert W. Baird raised their price objective on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price target on shares of Onsemi in a report on Friday, February 7th. Morgan Stanley cut their price target on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday. Needham & Company LLC cut their price target on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.36.

Onsemi Price Performance

Shares of Onsemi stock opened at $47.93 on Tuesday. 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 has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The firm has a fifty day moving average price of $59.62 and a two-hundred day moving average price of $67.18. The company has a market cap of $20.41 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 10.27 and a beta of 1.62.

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

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ON. Greenleaf Trust lifted its stake 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 buying an additional 173 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after buying an additional 192 shares in the last quarter. Truvestments Capital LLC lifted its stake in Onsemi by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 207 shares in the last quarter. Sentry Investment Management LLC lifted its stake in Onsemi by 3.0% in the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after buying an additional 209 shares in the last quarter. Finally, CX Institutional lifted its stake in Onsemi by 5.2% in the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after buying an additional 232 shares in the last quarter. 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.