Morgan Stanley Issues Pessimistic Forecast for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its target price cut by Morgan Stanley from $64.00 to $52.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the semiconductor company’s stock.

A number of other analysts have also issued reports on ON. Needham & Company LLC reissued a “buy” rating and set a $87.00 target price on shares of Onsemi in a research note on Tuesday, November 19th. Mizuho set a $85.00 price objective on shares of Onsemi in a research note on Friday, October 18th. B. Riley lowered their price objective on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Roth Mkm reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Onsemi in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Onsemi Stock Up 0.6 %

Shares of ON opened at $50.58 on Tuesday. The firm has a market capitalization of $21.54 billion, a P/E ratio of 12.55, a P/E/G ratio of 10.02 and a beta of 1.62. Onsemi has a 12-month low of $49.80 and a 12-month high of $85.16. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $61.72 and a 200-day moving average price of $67.95.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onsemi

Several hedge funds have recently bought and sold shares of the stock. GraniteShares Advisors LLC purchased a new stake in Onsemi in the 4th quarter worth approximately $516,000. Todd Asset Management LLC boosted its position in Onsemi by 1.1% in the 4th quarter. Todd Asset Management LLC now owns 464,187 shares of the semiconductor company’s stock worth $29,267,000 after purchasing an additional 5,202 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Onsemi by 6.7% during the 4th quarter. Sentry Investment Management LLC now owns 7,655 shares of the semiconductor company’s stock valued at $483,000 after buying an additional 478 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Onsemi by 9.5% during the 4th quarter. IFP Advisors Inc now owns 7,814 shares of the semiconductor company’s stock valued at $493,000 after buying an additional 675 shares in the last quarter. Finally, MONECO Advisors LLC lifted its position in shares of Onsemi by 5.4% during the 4th quarter. MONECO Advisors LLC now owns 17,266 shares of the semiconductor company’s stock valued at $1,089,000 after buying an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.