Benchmark Lowers Onsemi (NASDAQ:ON) Price Target to $80.00

Onsemi (NASDAQ:ON) had its price objective trimmed by Benchmark from $88.00 to $80.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the stock. Roth Mkm lifted their target price on shares of Onsemi from $75.00 to $90.00 and gave the company a buy rating in a research report on Tuesday, February 6th. Needham & Company LLC reiterated a buy rating and set a $92.00 price objective on shares of Onsemi in a research note on Tuesday. KeyCorp raised their target price on Onsemi from $95.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. Rosenblatt Securities dropped their price target on Onsemi from $75.00 to $70.00 and set a neutral rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded Onsemi from a sell rating to a hold rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $90.24.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $70.37 on Tuesday. The company has a market capitalization of $30.28 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 3.12 and a beta of 1.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.87. The company’s fifty day moving average price is $72.35 and its 200 day moving average price is $74.77. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. On average, research analysts predict that Onsemi will post 3.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Provence Wealth Management Group purchased a new stake in Onsemi during the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Onsemi during the fourth quarter worth approximately $32,000. Private Wealth Management Group LLC acquired a new position in Onsemi in the fourth quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC purchased a new position in Onsemi in the fourth quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Onsemi during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.