Onsemi (NASDAQ:ON) Given New $44.00 Price Target at Morgan Stanley

Onsemi (NASDAQ:ON) had its target price reduced by Morgan Stanley from $52.00 to $44.00 in a research note released on Tuesday,Benzinga reports. They currently have an underweight rating on the semiconductor company’s stock.

Several other research firms have also recently issued reports on ON. TD Cowen cut their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company cut their price target on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Mizuho set a $85.00 target price on shares of Onsemi in a report on Friday, October 18th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, B. Riley dropped their target price on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

Onsemi Trading Up 1.9 %

Shares of ON stock opened at $47.93 on Tuesday. The firm’s 50 day moving average price is $59.62 and its two-hundred day moving average price is $67.18. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 10.27 and a beta of 1.62.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. On average, analysts anticipate that Onsemi will post 3.99 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 firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Onsemi

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. boosted its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Onsemi during the 3rd quarter valued at about $43,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the 4th quarter valued at about $41,000. 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.