Stifel Nicolaus Cuts Onsemi (NASDAQ:ON) Price Target to $72.00

Onsemi (NASDAQ:ON - Free Report) had its price target trimmed by Stifel Nicolaus from $82.00 to $72.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a hold rating on the semiconductor company's stock.

ON has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on Onsemi from $95.00 to $90.00 and set a neutral rating for the company in a research note on Tuesday, February 6th. TD Cowen raised their price target on shares of Onsemi from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, February 6th. KeyCorp raised their price target on shares of Onsemi from $95.00 to $100.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Rosenblatt Securities reaffirmed a neutral rating and set a $75.00 price target on shares of Onsemi in a research note on Tuesday, February 6th. Finally, Needham & Company LLC reiterated a buy rating and issued a $92.00 price target on shares of Onsemi in a research note on Tuesday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $98.12.

Onsemi Trading Down 2.4 %

Onsemi stock traded down $1.54 during trading hours on Thursday, reaching $62.93. 8,436,409 shares of the company's stock traded hands, compared to its average volume of 7,284,806. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a fifty-two week low of $61.47 and a fifty-two week high of $111.35. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 6.27 and a beta of 1.80. The firm's 50 day moving average is $75.07 and its 200-day moving average is $76.66.

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

Hedge Funds Weigh In On Onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. HighTower Advisors LLC increased its position in Onsemi by 3.2% in the 1st quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company's stock valued at $1,716,000 after acquiring an additional 845 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Onsemi during the first quarter worth $1,171,000. Yousif Capital Management LLC increased its position in shares of Onsemi by 4.2% during the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company's stock worth $618,000 after buying an additional 395 shares during the period. Raymond James Trust N.A. increased its position in shares of Onsemi by 15.4% during the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company's stock worth $372,000 after buying an additional 793 shares during the period. Finally, Blair William & Co. IL increased its position in shares of Onsemi by 22.0% during the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company's stock worth $267,000 after buying an additional 768 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.