Onsemi (NASDAQ:ON) Price Target Raised to $75.00

Onsemi (NASDAQ:ON) had its target price raised by Robert W. Baird from $70.00 to $75.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities analysts also recently issued reports on the company. Mizuho set a $85.00 price target on Onsemi in a report on Friday, October 18th. Truist Financial upped their price target on Onsemi from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Morgan Stanley upped their price target on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday. StockNews.com downgraded Onsemi from a “hold” rating to a “sell” rating in a report on Monday, August 26th. Finally, Rosenblatt Securities upped their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $85.91.

Onsemi Stock Down 4.3 %

Shares of NASDAQ:ON opened at $70.49 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 1.95. The firm has a market capitalization of $30.01 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 7.89 and a beta of 1.65. The firm’s 50-day moving average is $71.43 and its two-hundred day moving average is $71.49. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. Analysts predict that Onsemi will post 4 EPS for the current year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

Institutional Trading of Onsemi

Several large investors have recently bought and sold shares of the company. Lifestyle Asset Management Inc. boosted its stake in shares of Onsemi by 6.4% during the third quarter. Lifestyle Asset Management Inc. now owns 13,476 shares of the semiconductor company’s stock valued at $978,000 after acquiring an additional 815 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Onsemi during the third quarter valued at $201,000. Sentry Investment Management LLC boosted its stake in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after acquiring an additional 209 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Onsemi by 235.0% during the third quarter. Catalyst Capital Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 973 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Onsemi by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 186,997 shares of the semiconductor company’s stock valued at $13,578,000 after acquiring an additional 1,007 shares during the last quarter. Institutional investors and hedge funds 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.