Susquehanna Lowers Onsemi (NASDAQ:ON) Price Target to $85.00

Onsemi (NASDAQ:ON) had its price target dropped by stock analysts at Susquehanna from $90.00 to $85.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price indicates a potential upside of 23.17% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. BNP Paribas restated an “underperform” rating and set a $55.00 price objective on shares of Onsemi in a report on Friday, April 19th. Evercore ISI assumed coverage on shares of Onsemi in a report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Morgan Stanley decreased their target price on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Finally, Truist Financial decreased their target price on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.24.

Onsemi Stock Performance

Shares of ON opened at $69.01 on Tuesday. The company’s fifty day moving average price is $72.80 and its 200 day moving average price is $74.99. Onsemi has a one year low of $59.34 and a one year high of $111.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.74. The company has a market capitalization of $29.66 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 7.03 and a beta of 1.80.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts expect that Onsemi will post 4.23 earnings per share for the current year.

Hedge Funds Weigh In On Onsemi

A number of institutional investors have recently modified their holdings of ON. Provence Wealth Management Group bought a new position in shares of Onsemi in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Onsemi in the fourth quarter worth about $32,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Onsemi in the fourth quarter worth about $33,000. Private Wealth Management Group LLC bought a new stake in shares of Onsemi during the fourth quarter worth approximately $33,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Onsemi during the third quarter worth approximately $38,000. 97.70% of the stock is owned by institutional investors.

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.