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

Onsemi (NASDAQ:ON) had its price target lowered by stock analysts at Roth Mkm from $100.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s target price suggests a potential upside of 24.93% from the company’s current price.

A number of other research analysts have also commented on the company. Mizuho lowered their price objective on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday. Craig Hallum decreased their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday. Needham & Company LLC dropped their price target on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial restated a “hold” rating and set a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a report on Friday, January 10th. Finally, Stifel Nicolaus dropped their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.68.

Onsemi Stock Up 2.1 %

Shares of ON stock traded up $0.99 on Tuesday, reaching $48.03. 4,573,657 shares of the stock were exchanged, compared to its average volume of 9,316,722. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 10.27 and a beta of 1.62. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average price is $60.06 and its 200 day moving average price is $67.34.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. As a group, sell-side analysts expect that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Onsemi

A number of hedge funds have recently made changes to their positions in ON. Blueshift Asset Management LLC increased its holdings in shares of Onsemi by 50.1% in the 4th quarter. Blueshift Asset Management LLC now owns 8,092 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 2,702 shares during the period. iA Global Asset Management Inc. lifted its position in Onsemi by 5.1% during the 4th quarter. iA Global Asset Management Inc. now owns 45,894 shares of the semiconductor company’s stock valued at $2,894,000 after purchasing an additional 2,228 shares during the period. Talos Asset Management LP bought a new position in shares of Onsemi during the fourth quarter worth $13,328,000. Teacher Retirement System of Texas raised its stake in shares of Onsemi by 39.2% in the 4th quarter. Teacher Retirement System of Texas now owns 4,010 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 1,129 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Onsemi by 2.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 171,244 shares of the semiconductor company’s stock valued at $10,797,000 after buying an additional 3,666 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

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.