Onsemi (NASDAQ:ON) Price Target Lowered to $72.00 at Stifel Nicolaus

Onsemi (NASDAQ:ON) had its price target decreased by Stifel Nicolaus from $82.00 to $72.00 in a report published on Thursday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor company’s stock.

A number of other research analysts have also commented on the stock. Rosenblatt Securities restated a neutral rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. Needham & Company LLC restated a buy rating and issued a $92.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $91.00 to $81.00 and set a buy rating on the stock in a research note on Tuesday. Mizuho dropped their price objective on shares of Onsemi from $98.00 to $92.00 and set a buy rating on the stock in a research note on Tuesday, February 6th. Finally, Susquehanna restated a positive rating and issued a $90.00 price objective on shares of Onsemi in a research note on Monday, April 8th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Onsemi has a consensus rating of Moderate Buy and a consensus price target of $98.12.

Onsemi Price Performance

Onsemi stock opened at $62.93 on Thursday. The stock has a market cap of $27.05 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 6.27 and a beta of 1.80. The company has a fifty day simple moving average of $75.07 and a 200-day simple moving average of $76.66. Onsemi has a 12-month low of $61.47 and a 12-month high of $111.35. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 EPS. Equities analysts expect that Onsemi will post 4.32 EPS for the current fiscal year.

Institutional Trading of Onsemi

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Onsemi by 6.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,493,408 shares of the semiconductor company’s stock valued at $183,390,000 after purchasing an additional 157,433 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in shares of Onsemi by 9.7% in the first quarter. Capital Insight Partners LLC now owns 57,733 shares of the semiconductor company’s stock valued at $4,246,000 after purchasing an additional 5,084 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Onsemi by 9.9% in the first quarter. Hennessy Advisors Inc. now owns 38,459 shares of the semiconductor company’s stock valued at $2,829,000 after purchasing an additional 3,459 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Onsemi by 39.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,299 shares of the semiconductor company’s stock valued at $978,000 after purchasing an additional 3,735 shares in the last quarter. Finally, Davis Investment Partners LLC purchased a new stake in shares of Onsemi in the first quarter valued at about $940,000. Hedge funds and other 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.