Mizuho Lowers Onsemi (NASDAQ:ON) Price Target to $62.00

Onsemi (NASDAQ:ON) had its price target lowered by equities research analysts at Mizuho from $71.00 to $62.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s target price points to a potential upside of 36.84% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Benchmark decreased their target price on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Truist Financial decreased their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Susquehanna lowered their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Finally, Roth Capital set a $60.00 price objective on shares of Onsemi in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Onsemi Trading Down 0.8 %

ON opened at $45.31 on Monday. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The company’s 50 day simple moving average is $49.59 and its two-hundred day simple moving average is $61.69. Onsemi has a 1-year low of $41.59 and a 1-year high of $80.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Institutional Trading of Onsemi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. 111 Capital acquired a new stake in shares of Onsemi during the fourth quarter worth about $257,000. Wealth Enhancement Advisory Services LLC increased its position in Onsemi by 15.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company’s stock worth $1,070,000 after buying an additional 2,209 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Onsemi in the fourth quarter valued at approximately $3,783,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $17,873,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Onsemi during the fourth quarter worth approximately $4,640,000. 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.