Onsemi (NASDAQ:ON) Price Target Cut to $55.00 by Analysts at BNP Paribas

Onsemi (NASDAQ:ON) had its target price reduced by BNP Paribas from $60.00 to $55.00 in a research report report published on Friday morning.

Several other analysts have also commented on the company. Mizuho set a $85.00 price objective on Onsemi in a report on Friday, October 18th. TD Cowen boosted their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Benchmark increased their price objective on shares of Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Citigroup lowered shares of Onsemi from a “buy” rating to a “neutral” rating and cut their target price for the company from $85.00 to $77.00 in a research report on Monday, July 15th. Finally, Rosenblatt Securities increased their price target on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.43.

Onsemi Stock Up 4.8 %

Onsemi stock traded up $3.41 during mid-day trading on Friday, hitting $74.66. The company had a trading volume of 8,422,238 shares, compared to its average volume of 6,734,156. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The company has a market capitalization of $32.12 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 3.57 and a beta of 1.65. The stock’s 50 day moving average price is $71.63 and its two-hundred day moving average price is $71.41. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. As a group, sell-side analysts anticipate that Onsemi will post 4.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the completion of the transaction, the insider now owns 231,092 shares in the company, valued at $18,011,310.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Simon Keeton sold 30,939 shares of Onsemi stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,939 shares of company stock worth $2,626,651 over the last quarter. Insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

A number of hedge funds have recently added to or reduced their stakes in ON. GHP Investment Advisors Inc. lifted its holdings in Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 550 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Onsemi during the second quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC purchased a new position in Onsemi in the first quarter valued at about $45,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.