Onsemi (NASDAQ:ON) PT Lowered to $55.00 at BNP Paribas

Onsemi (NASDAQ:ON) had its price objective cut by BNP Paribas from $60.00 to $55.00 in a report released on Friday.

A number of other research firms have also issued reports on ON. TD Cowen increased their target price on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. StockNews.com downgraded shares of Onsemi from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. Truist Financial upped their price target on shares of Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Benchmark lifted their price objective on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.43.

Onsemi Trading Up 4.9 %

Shares of NASDAQ ON traded up $3.46 during midday trading on Friday, reaching $74.71. The stock had a trading volume of 8,947,834 shares, compared to its average volume of 6,736,683. The firm has a market cap of $32.14 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 3.57 and a beta of 1.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77. The company’s 50 day moving average price is $71.63 and its 200 day moving average price is $71.41.

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

Insiders Place Their Bets

In other Onsemi news, insider Simon Keeton sold 30,939 shares of the stock in a transaction 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 directly owns 231,092 shares in the company, valued at $18,011,310.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Simon Keeton sold 30,939 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares of the company’s stock, valued at approximately $18,011,310.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the sale, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,939 shares of company stock valued at $2,626,651 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Onsemi

Institutional investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. boosted its holdings in Onsemi by 12,850.0% in the third 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. Westside Investment Management Inc. increased its stake in Onsemi by 5,500.0% in the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after buying an additional 550 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Onsemi in the first quarter worth about $45,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Onsemi by 36.7% during the 2nd 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 during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Onsemi during the 2nd quarter valued at about $43,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.