Onsemi (NASDAQ:ON) Reaches New 1-Year Low on Analyst Downgrade

Onsemi (NASDAQ:ON)’s stock price hit a new 52-week low during trading on Friday after Stifel Nicolaus lowered their price target on the stock from $82.00 to $72.00. Stifel Nicolaus currently has a hold rating on the stock. Onsemi traded as low as $60.60 and last traded at $62.31, with a volume of 1050000 shares. The stock had previously closed at $62.93.

A number of other brokerages have also recently issued reports on ON. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a report on Tuesday, February 6th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. KeyCorp raised their target price on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Mizuho lowered their target price on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Finally, Susquehanna reiterated a “positive” rating and set a $90.00 price target on shares of Onsemi in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $96.52.

Institutional Investors Weigh In On Onsemi

Institutional investors have recently added to or reduced their stakes in the company. Provence Wealth Management Group bought a new stake in Onsemi during the 3rd quarter valued at about $25,000. FinTrust Capital Advisors LLC purchased a new position in shares of Onsemi in the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Onsemi in the fourth quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Onsemi in the fourth quarter worth approximately $33,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Onsemi in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The company has a market cap of $26.75 billion, a PE ratio of 12.87, a P/E/G ratio of 6.27 and a beta of 1.80. The business’s fifty day moving average is $75.07 and its 200-day moving average is $76.66.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, research analysts predict that Onsemi will post 4.32 EPS for the current fiscal year.

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.