Onsemi (NASDAQ:ON) PT Lowered to $81.00

Onsemi (NASDAQ:ON - Free Report) had its target price reduced by The Goldman Sachs Group from $91.00 to $81.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

A number of other equities research analysts have also recently commented on the company. Truist Financial lowered their target price on Onsemi from $94.00 to $89.00 and set a buy rating on the stock in a research note on Tuesday, February 6th. JPMorgan Chase & Co. lowered their price objective on Onsemi from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Tuesday, February 6th. KeyCorp boosted their price objective on Onsemi from $95.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Needham & Company LLC restated a buy rating and issued a $92.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. Finally, Susquehanna restated a positive rating and issued a $90.00 price objective on shares of Onsemi in a research note on Monday, April 8th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $98.52.

Onsemi Stock Performance

Shares of NASDAQ ON traded down $0.92 during mid-day trading on Tuesday, reaching $64.72. 5,214,009 shares of the company's stock were exchanged, compared to its average volume of 7,275,308. The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 6.45 and a beta of 1.80. Onsemi has a 52 week low of $61.47 and a 52 week high of $111.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. The firm has a 50-day moving average price of $75.68 and a two-hundred day moving average price of $76.84.

Onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.04. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 EPS. Analysts predict that Onsemi will post 4.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dana Investment Advisors Inc. boosted its stake in Onsemi by 0.9% in the second quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company's stock worth $1,368,000 after buying an additional 129 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Onsemi by 3.3% in the third quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company's stock worth $387,000 after buying an additional 132 shares in the last quarter. Ballentine Partners LLC boosted its stake in Onsemi by 1.7% in the third quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company's stock worth $731,000 after buying an additional 134 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Onsemi by 3.2% in the second quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company's stock worth $447,000 after buying an additional 145 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Onsemi by 13.2% in the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company's stock valued at $119,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

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.