Onsemi (NASDAQ:ON) Given New $64.00 Price Target at The Goldman Sachs Group

Onsemi (NASDAQ:ON) had its target price decreased by investment analysts at The Goldman Sachs Group from $77.00 to $64.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 27.85% from the stock’s current price.

ON has been the subject of several other research reports. KeyCorp decreased their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Roth Mkm reissued a “buy” rating and set a $100.00 target price on shares of Onsemi in a research note on Thursday, December 12th. UBS Group reduced their price target on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup lowered their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC reduced their target price on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.16.

Onsemi Stock Up 4.4 %

NASDAQ:ON opened at $50.06 on Tuesday. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The stock’s fifty day moving average is $59.30 and its two-hundred day moving average is $67.06. The stock has a market capitalization of $21.32 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last posted its 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 return on equity of 22.38% and a net margin of 23.80%. Research analysts anticipate that Onsemi will post 3.99 EPS for the current year.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi in the 3rd quarter worth $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi during the fourth quarter worth about $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Onsemi during the third quarter worth about $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.