Mizuho Lowers Onsemi (NASDAQ:ON) Price Target to $71.00

Onsemi (NASDAQ:ON) had its price target reduced by stock analysts at Mizuho from $85.00 to $71.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s target price would indicate a potential upside of 41.83% from the stock’s current price.

Several other analysts have also issued reports on the company. UBS Group dropped their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Citigroup dropped their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday. Loop Capital initiated coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 target price on the stock. Finally, BNP Paribas cut their price target on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Trading Up 4.4 %

NASDAQ:ON opened at $50.06 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a market cap of $21.32 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 10.27 and a beta of 1.61. The business has a 50 day moving average price of $59.30 and a two-hundred day moving average price of $67.06.

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 analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. As a group, analysts expect that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of Onsemi

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