Morgan Stanley Has Lowered Expectations for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price objective reduced by Morgan Stanley from $52.00 to $44.00 in a research report report published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

ON has been the subject of several other reports. UBS Group decreased their price objective on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price objective on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 10th. TD Cowen decreased their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Up 1.7 %

NASDAQ:ON opened at $50.92 on Tuesday. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a market cap of $21.68 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. The stock has a fifty day simple moving average of $59.01 and a 200-day simple moving average of $66.95. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its 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 return on equity of 22.38% and a net margin of 23.80%. Analysts anticipate 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 dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

A number of institutional investors and hedge funds have recently modified their holdings of the company. Greenleaf Trust lifted its holdings in shares of Onsemi by 3.4% during the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Meridian Financial Partners LLC lifted its holdings in shares of Onsemi by 1.7% during the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 192 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Onsemi by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 207 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 209 shares during the period. Finally, CX Institutional lifted its holdings in shares of Onsemi by 5.2% during the third quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds 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.