Onsemi (NASDAQ:ON) Price Target Cut to $52.00 by Analysts at Citigroup

Onsemi (NASDAQ:ON) had its target price decreased by Citigroup from $77.00 to $52.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC lowered their target price on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday. BNP Paribas lowered their target price on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. B. Riley lowered their target price on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Finally, Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Trading Up 1.7 %

Shares of ON stock opened at $50.92 on Tuesday. The firm has a 50 day moving average price of $59.01 and a two-hundred day moving average price of $66.95. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $21.68 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16.

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

Insider Activity at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in Onsemi during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi during the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. raised its holdings in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Onsemi during the 4th quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Onsemi during the 3rd quarter worth about $43,000. Institutional investors own 97.70% of the company’s stock.

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.