Deutsche Bank Aktiengesellschaft Lowers Onsemi (NASDAQ:ON) Price Target to $85.00

Onsemi (NASDAQ:ON) had its price target reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $85.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 23.17% from the stock’s current price.

Several other brokerages also recently weighed in on ON. Wells Fargo & Company dropped their target price on Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. KeyCorp lowered their price target on Onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas reissued an “underperform” rating and set a $55.00 price target on shares of Onsemi in a research report on Friday, April 19th. Benchmark reduced their target price on shares of Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price target on shares of Onsemi in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $90.24.

Onsemi Stock Down 1.6 %

Shares of NASDAQ ON opened at $69.01 on Tuesday. The stock has a market capitalization of $29.66 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 7.03 and a beta of 1.80. The company has a current ratio of 2.87, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The stock’s fifty day simple moving average is $72.80 and its two-hundred day simple moving average is $74.99.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. Onsemi’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. As a group, analysts expect that Onsemi will post 4.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Onsemi

Several institutional investors have recently bought and sold shares of ON. Exchange Traded Concepts LLC lifted its position in shares of Onsemi by 199.8% in the third quarter. Exchange Traded Concepts LLC now owns 4,062 shares of the semiconductor company’s stock valued at $378,000 after acquiring an additional 2,707 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Onsemi by 16.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,927 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 410 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Onsemi by 9.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 54,676 shares of the semiconductor company’s stock valued at $5,082,000 after purchasing an additional 4,741 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Onsemi by 7.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,903 shares of the semiconductor company’s stock valued at $4,546,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Balboa Wealth Partners purchased a new position in Onsemi in the 3rd quarter worth approximately $212,000. 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.