Stifel Nicolaus Has Lowered Expectations for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price target lowered by analysts at Stifel Nicolaus from $60.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 8.17% from the stock’s previous close.

ON has been the subject of a number of other research reports. The Goldman Sachs Group lowered their target price on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho dropped their price objective on Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday. Loop Capital began coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 target price for the company. UBS Group cut their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird boosted their price objective on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Onsemi Trading Up 2.2 %

ON traded up $1.03 during mid-day trading on Tuesday, reaching $48.07. The stock had a trading volume of 3,785,122 shares, compared to its average volume of 9,274,121. The firm’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $67.34. The stock has a market capitalization of $20.47 billion, a P/E ratio of 11.93, a P/E/G ratio of 10.27 and a beta of 1.62. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

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

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Onsemi

Institutional investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Onsemi by 268.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,163 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 2,304 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Onsemi by 675.6% in the third quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 3,270 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Onsemi by 22.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,619 shares of the semiconductor company’s stock worth $263,000 after buying an additional 657 shares in the last quarter. CX Institutional increased its stake in Onsemi by 5.2% during the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after acquiring an additional 232 shares during the period. Finally, Creative Planning raised its holdings in Onsemi by 35.9% in the 3rd quarter. Creative Planning now owns 29,879 shares of the semiconductor company’s stock valued at $2,170,000 after acquiring an additional 7,888 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

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.