Roth Mkm Cuts Onsemi (NASDAQ:ON) Price Target to $60.00

Onsemi (NASDAQ:ON) had its price target lowered by Roth Mkm from $100.00 to $60.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. BNP Paribas dropped their price objective on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Stifel Nicolaus dropped 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. JPMorgan Chase & Co. dropped their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. Finally, Mizuho dropped their target price on shares of Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $68.16.

Onsemi Trading Up 1.7 %

Shares of NASDAQ:ON opened at $50.92 on Tuesday. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The company’s 50 day moving average is $59.01 and its two-hundred day moving average is $66.95. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The company has a market cap of $21.68 billion, a PE ratio of 12.64, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Equities analysts predict that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

Several hedge funds and other institutional investors have recently made changes to their positions in ON. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Onsemi by 268.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,163 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 2,304 shares during the period. Exchange Traded Concepts LLC increased its holdings in Onsemi by 675.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 3,270 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Onsemi by 22.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,619 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 657 shares in the last quarter. CX Institutional increased its holdings in Onsemi by 5.2% during the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after acquiring an additional 232 shares in the last quarter. Finally, Creative Planning increased its holdings in Onsemi by 35.9% during the 3rd quarter. Creative Planning now owns 29,879 shares of the semiconductor company’s stock valued at $2,170,000 after acquiring an additional 7,888 shares in the last quarter. Institutional investors and hedge funds 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.