The Goldman Sachs Group Lowers Onsemi (NASDAQ:ON) Price Target to $64.00

Onsemi (NASDAQ:ON) had its price objective decreased by equities researchers at The Goldman Sachs Group from $77.00 to $64.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 33.13% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Morgan Stanley dropped their target price on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday. Roth Mkm restated a “buy” rating and issued a $100.00 price target on shares of Onsemi in a report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Onsemi in a report on Tuesday, October 29th. Finally, StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Onsemi Stock Performance

Shares of ON stock traded up $1.03 during mid-day trading on Tuesday, hitting $48.07. The stock had a trading volume of 3,785,122 shares, compared to its average volume of 9,274,121. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company’s 50-day simple moving average is $60.06 and its 200-day simple moving average is $67.34. The firm has a market cap of $20.47 billion, a PE ratio of 11.93, a PEG ratio of 10.27 and a beta of 1.62.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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%. Sell-side analysts anticipate that Onsemi will post 3.99 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Onsemi during the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi during the third quarter worth approximately $33,000. GHP Investment Advisors Inc. raised its position in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Onsemi in the 4th quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi in the third quarter valued at about $43,000. 97.70% of the stock is 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.