Onsemi (NASDAQ:ON) Given New $73.00 Price Target at B. Riley

Onsemi (NASDAQ:ON) had its price target lowered by investment analysts at B. Riley from $90.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target would suggest a potential upside of 50.84% from the stock’s current price.

Several other equities research analysts have also issued reports on ON. Wells Fargo & Company lowered their target price on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Susquehanna dropped their price objective on Onsemi from $80.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley decreased their price objective on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.79.

Onsemi Stock Up 2.9 %

Shares of ON opened at $48.40 on Tuesday. The stock’s 50-day moving average price is $60.06 and its 200-day moving average price is $67.34. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 10.27 and a beta of 1.62. Onsemi has a 52 week low of $46.55 and a 52 week high of $85.16.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. On average, sell-side analysts predict that Onsemi will post 3.99 EPS for the current year.

Insider Buying and Selling at Onsemi

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 completion of the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Onsemi

Several institutional investors have recently added to or reduced their stakes in ON. Greenleaf Trust boosted its stake in shares of Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 173 shares during the period. Meridian Financial Partners LLC raised its stake in shares of Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after acquiring an additional 192 shares in the last quarter. Truvestments Capital LLC boosted its holdings in Onsemi by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 207 shares during the period. Sentry Investment Management LLC grew its stake in Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 209 shares in the last quarter. Finally, CX Institutional raised its position in Onsemi by 5.2% in the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock valued at $340,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds 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.