Onsemi (NASDAQ:ON) Given New $80.00 Price Target at Benchmark

Onsemi (NASDAQ:ON) had its price objective lowered by Benchmark from $88.00 to $80.00 in a research report released on Tuesday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also issued reports on ON. Susquehanna decreased their target price on Onsemi from $90.00 to $85.00 and set a positive rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their target price on Onsemi from $91.00 to $81.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company decreased their target price on Onsemi from $110.00 to $95.00 and set an overweight rating for the company in a research report on Tuesday, April 23rd. B. Riley reissued a buy rating and issued a $103.00 target price (down previously from $115.00) on shares of Onsemi in a research report on Tuesday. Finally, BNP Paribas reissued an underperform rating and issued a $55.00 target price on shares of Onsemi in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $90.24.

Onsemi Trading Down 0.9 %

NASDAQ ON opened at $70.16 on Tuesday. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $111.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. The stock has a 50 day simple moving average of $72.95 and a two-hundred day simple moving average of $75.13. The stock has a market cap of $30.16 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 6.71 and a beta of 1.80.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business posted $1.19 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, analysts forecast that Onsemi will post 4.26 earnings per share for the current year.

Institutional Trading of Onsemi

Institutional investors and hedge funds have recently modified their holdings of the business. Provence Wealth Management Group bought a new stake in shares of Onsemi in the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Onsemi in the 4th quarter worth $32,000. Private Wealth Management Group LLC purchased a new position in shares of Onsemi in the 4th quarter worth $33,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Onsemi in the 4th quarter worth $33,000. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Onsemi in the 3rd quarter worth $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.