Onsemi (NASDAQ:ON - Get Free Report) had its price objective dropped by research analysts at Robert W. Baird from $42.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. Robert W. Baird's price objective points to a potential downside of 11.48% from the stock's current price.
ON has been the topic of several other reports. Citigroup cut their target price on shares of Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Benchmark cut their price objective on shares of Onsemi from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group lowered their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Truist Financial decreased their price target on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Finally, B. Riley downgraded shares of Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.00.
Check Out Our Latest Report on Onsemi
Onsemi Trading Down 8.4 %
NASDAQ ON opened at $38.41 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $40.24 and a 200-day moving average of $54.59. The company has a market cap of $16.21 billion, a PE ratio of 10.58, a PEG ratio of 16.74 and a beta of 1.39. Onsemi has a 12 month low of $31.04 and a 12 month high of $80.08.
Onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.40 billion. Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Onsemi's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, equities research analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB raised its position in shares of Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock worth $25,724,000 after acquiring an additional 82,614 shares in the last quarter. Blue Trust Inc. increased its holdings in Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after buying an additional 1,119 shares in the last quarter. Oak Thistle LLC purchased a new stake in Onsemi during the fourth quarter worth $515,000. Deltec Asset Management LLC acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $6,343,000. Finally, Wedge Capital Management L L P NC lifted its position in shares of Onsemi by 40.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 27,964 shares of the semiconductor company's stock valued at $1,763,000 after acquiring an additional 8,043 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other 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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