Stifel Nicolaus Cuts Onsemi (NASDAQ:ON) Price Target to $42.00

Onsemi (NASDAQ:ON) had its target price trimmed by Stifel Nicolaus from $52.00 to $42.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the stock. KeyCorp lowered their price objective on shares of Onsemi from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. B. Riley dropped their price target on Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price objective on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Craig Hallum dropped their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price target on shares of Onsemi from $52.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.52.

Onsemi Price Performance

ON opened at $34.64 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The company has a 50-day moving average of $43.28 and a 200-day moving average of $57.12. The company has a market capitalization of $14.62 billion, a P/E ratio of 9.54, a PEG ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Equities analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Onsemi

Institutional investors have recently bought and sold shares of the stock. Elequin Capital LP lifted its stake in Onsemi by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 274 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the fourth quarter worth approximately $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Onsemi during the fourth quarter worth approximately $43,000. Synergy Asset Management LLC purchased a new position in Onsemi during the fourth quarter valued at approximately $51,000. Finally, Plato Investment Management Ltd acquired a new position in Onsemi in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors 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.