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

Onsemi (NASDAQ:ON) had its price target trimmed by Benchmark from $90.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

ON has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. Susquehanna cut their target price on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday. TD Cowen reduced their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Truist Financial dropped their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Stock Performance

ON opened at $50.06 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The business has a fifty day simple moving average of $59.30 and a 200 day simple moving average of $67.06. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a market capitalization of $21.32 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Research analysts expect that Onsemi will post 3.99 EPS for the current year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Trading of Onsemi

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi during the third quarter worth $33,000. GHP Investment Advisors Inc. lifted its holdings in 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 buying an additional 514 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Onsemi during the third quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Onsemi during the 4th quarter worth about $41,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.