Onsemi (NASDAQ:ON) Given New $52.00 Price Target at Citigroup

Onsemi (NASDAQ:ON) had its target price decreased by investment analysts at Citigroup from $77.00 to $52.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s price objective indicates a potential upside of 3.88% from the company’s current price.

Several other equities research analysts have also recently issued reports on ON. TD Cowen dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Needham & Company LLC cut their price objective on Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Robert W. Baird raised their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, B. Riley lowered their price objective on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.16.

Onsemi Stock Up 4.4 %

Onsemi stock opened at $50.06 on Tuesday. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 10.27 and a beta of 1.61. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12 month low of $46.57 and a 12 month high of $85.16. The stock has a fifty day simple moving average of $59.30 and a two-hundred day simple moving average of $67.06.

Onsemi (NASDAQ:ON) last issued 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 return on equity of 22.38% and a net margin of 23.80%. Equities analysts predict that Onsemi will post 3.99 EPS for the current fiscal year.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company’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 sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ON. Capital Performance Advisors LLP bought a new stake in Onsemi during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi in the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. boosted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the 4th quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi in the third quarter worth $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.