Onsemi (NASDAQ:ON) Price Target Lowered to $65.00 at UBS Group

Onsemi (NASDAQ:ON) had its target price lowered by UBS Group from $72.00 to $65.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on ON. Robert W. Baird boosted their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $87.00 target price on shares of Onsemi in a report on Tuesday, November 19th. TD Cowen lowered their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. KeyCorp dropped their target price on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

Onsemi Trading Down 4.0 %

NASDAQ ON opened at $50.26 on Monday. The business’s fifty day moving average is $62.13 and its 200 day moving average is $68.10. 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 $49.80 and a twelve month high of $85.16. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 10.02 and a beta of 1.64.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Onsemi

Institutional investors and hedge funds have recently modified their holdings of the business. Paradigm Asset Management Co. LLC bought a new stake in Onsemi during the 4th quarter worth $120,000. Venturi Wealth Management LLC raised its position in shares of Onsemi by 1,126.2% during the fourth quarter. Venturi Wealth Management LLC now owns 6,548 shares of the semiconductor company’s stock worth $413,000 after acquiring an additional 6,014 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Onsemi by 9.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,698 shares of the semiconductor company’s stock valued at $485,000 after acquiring an additional 637 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Onsemi by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 136,971 shares of the semiconductor company’s stock worth $8,636,000 after purchasing an additional 4,068 shares during the period. Finally, DDD Partners LLC bought a new position in shares of Onsemi in the 4th quarter worth about $10,341,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.