Onsemi (NASDAQ:ON) Price Target Lowered to $95.00 at Wells Fargo & Company

Onsemi (NASDAQ:ON) had its price objective decreased by Wells Fargo & Company from $110.00 to $95.00 in a research report report published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the semiconductor company’s stock.

ON has been the subject of several other reports. KeyCorp lifted their price objective on Onsemi from $95.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Roth Mkm raised their target price on Onsemi from $75.00 to $90.00 and gave the company a buy rating in a research note on Tuesday, February 6th. TD Cowen raised their target price on Onsemi from $80.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. Needham & Company LLC restated a buy rating and issued a $92.00 target price on shares of Onsemi in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded Onsemi from a sell rating to a hold rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $95.28.

Onsemi Stock Up 1.7 %

Shares of NASDAQ:ON opened at $61.68 on Tuesday. The firm has a market cap of $26.51 billion, a P/E ratio of 12.61, a P/E/G ratio of 5.92 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The business has a fifty day simple moving average of $73.93 and a 200 day simple moving average of $75.84.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company posted $1.32 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts predict that Onsemi will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Onsemi

Hedge funds and other institutional investors have recently bought and sold shares of the business. Provence Wealth Management Group bought a new stake in Onsemi during the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Onsemi in the fourth quarter worth $32,000. MeadowBrook Investment Advisors LLC purchased a new stake in Onsemi during the fourth quarter valued at about $33,000. Private Wealth Management Group LLC purchased a new stake in Onsemi during the fourth quarter valued at about $33,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Onsemi during the third quarter valued at about $38,000. 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.