Onsemi (NASDAQ:ON) Price Target Lowered to $90.00 at KeyCorp

Onsemi (NASDAQ:ON) had its target price trimmed by KeyCorp from $100.00 to $90.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Several other research analysts have also commented on the stock. Susquehanna lowered their price objective on shares of Onsemi from $90.00 to $85.00 and set a positive rating for the company in a research note on Tuesday. Roth Mkm upped their target price on shares of Onsemi from $75.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Morgan Stanley decreased their price target on shares of Onsemi from $80.00 to $70.00 and set an equal weight rating for the company in a research note on Monday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Onsemi from $82.00 to $72.00 and set a hold rating on the stock in a research report on Thursday, April 18th. Finally, Rosenblatt Securities reduced their price objective on shares of Onsemi from $75.00 to $70.00 and set a neutral rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $90.24.

Onsemi Stock Up 0.5 %

Onsemi stock opened at $70.37 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.87. The firm has a 50 day moving average price of $72.35 and a 200 day moving average price of $74.77. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The company has a market capitalization of $30.28 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 3.12 and a beta of 1.78.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. Research analysts expect that Onsemi will post 3.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ON. Provence Wealth Management Group acquired a new position in Onsemi in the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Onsemi in the 4th quarter valued at approximately $32,000. Private Wealth Management Group LLC acquired a new position in shares of Onsemi in the fourth quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Onsemi during the fourth quarter worth approximately $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Onsemi during the third quarter worth $38,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.