Onsemi (NASDAQ:ON - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $60.00 to $48.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 25.85% from the stock's previous close.
Several other research analysts also recently weighed in on the company. Morgan Stanley cut their price target on Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Craig Hallum lowered their price target on Onsemi from $78.00 to $50.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Truist Financial reduced their target price on shares of Onsemi from $60.00 to $52.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. TD Cowen raised their price objective on Onsemi from $38.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Robert W. Baird dropped their target price on shares of Onsemi from $42.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Onsemi presently has an average rating of "Moderate Buy" and an average target price of $55.92.
Read Our Latest Stock Analysis on ON
Onsemi Price Performance
ON stock traded down $0.27 during trading on Tuesday, reaching $38.14. 3,770,402 shares of the company were exchanged, compared to its average volume of 7,541,006. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The stock's 50 day moving average price is $40.24 and its 200 day moving average price is $54.59. Onsemi has a 52-week low of $31.04 and a 52-week high of $80.08. The company has a market cap of $16.10 billion, a P/E ratio of 10.49, a PEG ratio of 16.74 and a beta of 1.39.
Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Onsemi's revenue was down 22.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, analysts predict that Onsemi will post 2.6 earnings per share for the current fiscal year.
Institutional Trading of Onsemi
Large investors have recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC grew its position in shares of Onsemi by 10.7% in the first quarter. HighPoint Advisor Group LLC now owns 10,920 shares of the semiconductor company's stock valued at $424,000 after purchasing an additional 1,055 shares during the last quarter. Carmel Capital Partners LLC boosted its stake in shares of Onsemi by 56.1% in the 1st quarter. Carmel Capital Partners LLC now owns 41,841 shares of the semiconductor company's stock valued at $1,703,000 after purchasing an additional 15,043 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of Onsemi by 202.7% during the first quarter. South Dakota Investment Council now owns 16,800 shares of the semiconductor company's stock worth $684,000 after buying an additional 11,250 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Onsemi by 15.2% in the first quarter. Kestra Private Wealth Services LLC now owns 5,377 shares of the semiconductor company's stock valued at $219,000 after buying an additional 711 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its stake in shares of Onsemi by 5.3% during the first quarter. Easterly Investment Partners LLC now owns 72,429 shares of the semiconductor company's stock valued at $2,947,000 after purchasing an additional 3,671 shares during the last quarter. 97.70% of the stock is owned by institutional investors.
About Onsemi
(
Get Free Report)
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.
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