Onsemi (NASDAQ:ON) Price Target Cut to $65.00 by Analysts at UBS Group

Onsemi (NASDAQ:ON) had its target price cut by UBS Group from $72.00 to $65.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price target would indicate a potential upside of 28.09% from the company’s current price.

Several other equities research analysts have also commented on the company. Benchmark restated a “buy” rating and set a $90.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. Loop Capital began coverage on Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target on the stock. KeyCorp lowered their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Truist Financial reissued 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. Finally, Morgan Stanley lifted their price target on shares of Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Onsemi Trading Down 3.0 %

ON traded down $1.60 during trading on Monday, reaching $50.75. 3,882,276 shares of the stock traded hands, compared to its average volume of 8,856,110. 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 stock’s 50-day moving average is $62.57 and its 200 day moving average is $68.28. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16. The stock has a market capitalization of $21.61 billion, a PE ratio of 12.59, a P/E/G ratio of 10.02 and a beta of 1.62.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

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