Craig Hallum Cuts Onsemi (NASDAQ:ON) Price Target to $50.00

Onsemi (NASDAQ:ON) had its price objective decreased by Craig Hallum from $78.00 to $50.00 in a research note published on Tuesday,Benzinga reports. Craig Hallum currently has a hold rating on the semiconductor company’s stock.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group lowered their price target on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 10th. Robert W. Baird boosted their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. B. Riley lowered their price target on Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday. Jefferies Financial Group lowered their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday. Finally, Needham & Company LLC lowered their price target on Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday. Two equities research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Up 1.7 %

Shares of NASDAQ ON opened at $50.92 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. The company has a market cap of $21.68 billion, a P/E ratio of 12.64, a PEG ratio of 10.27 and a beta of 1.61. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The firm has a 50-day simple moving average of $59.01 and a two-hundred day simple moving average of $66.95.

Onsemi (NASDAQ:ON) last announced 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%. Research analysts anticipate that Onsemi will post 3.99 earnings per share for the current year.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

Hedge funds have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Onsemi in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in Onsemi in the third quarter valued at $33,000. GHP Investment Advisors Inc. boosted 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 last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Onsemi in the fourth quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the third quarter valued at $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Company Profile

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.