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

Onsemi (NASDAQ:ON) had its target price cut by Mizuho from $85.00 to $71.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group decreased their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday. KeyCorp reduced their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Roth Mkm reiterated a “buy” rating and set a $100.00 target price on shares of Onsemi in a research note on Thursday, December 12th. Morgan Stanley reduced their target price on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Truist Financial reiterated a “hold” rating and set a $60.00 target price (down from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Two 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

Onsemi Stock Up 1.9 %

ON opened at $47.93 on Tuesday. 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 stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 10.27 and a beta of 1.62. The business has a 50-day moving average of $59.62 and a two-hundred day moving average of $67.18. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16.

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%. On average, research analysts expect that Onsemi will post 3.99 earnings per share for the current year.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’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 sale, the chief executive officer now directly 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 can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock worth $25,724,000 after purchasing an additional 82,614 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Onsemi by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock worth $98,169,000 after purchasing an additional 18,450 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Onsemi in the 3rd quarter worth approximately $1,270,000. Blue Trust Inc. lifted its holdings in shares of Onsemi by 16.1% during the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock worth $509,000 after buying an additional 1,119 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of Onsemi in the fourth quarter valued at $515,000. 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.