Onsemi (NASDAQ:ON) Price Target Lowered to $72.00 at Stifel Nicolaus

Onsemi (NASDAQ:ON) had its price target cut by stock analysts at Stifel Nicolaus from $82.00 to $72.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.60% from the company’s current price.

Several other analysts also recently issued reports on ON. Roth Mkm upped their price objective on Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Evercore ISI initiated coverage on shares of Onsemi in a report on Tuesday. They issued an “outperform” rating and a $104.00 target price on the stock. The Goldman Sachs Group lowered their price target on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday. Susquehanna reissued a “positive” rating and set a $90.00 price objective on shares of Onsemi in a research note on Monday, April 8th. Finally, StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.52.

Onsemi Stock Performance

NASDAQ:ON opened at $60.71 on Thursday. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $26.10 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 6.27 and a beta of 1.80. The firm has a 50-day moving average price of $74.67 and a two-hundred day moving average price of $76.43. Onsemi has a twelve month low of $60.26 and a twelve month high of $111.35.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the business earned $1.32 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that Onsemi will post 4.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onsemi

A number of hedge funds have recently made changes to their positions in ON. Retirement Guys Formula LLC grew its stake in shares of Onsemi by 32.8% in the first quarter. Retirement Guys Formula LLC now owns 15,171 shares of the semiconductor company’s stock valued at $1,116,000 after buying an additional 3,750 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Onsemi by 9.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 12,130 shares of the semiconductor company’s stock worth $892,000 after acquiring an additional 1,059 shares during the period. Westside Investment Management Inc. grew its position in Onsemi by 5,500.0% in the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 550 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Onsemi during the first quarter valued at approximately $774,000. Finally, BluePath Capital Management LLC lifted its position in shares of Onsemi by 61.8% during the first quarter. BluePath Capital Management LLC now owns 5,547 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 2,118 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.