Onsemi (NASDAQ:ON) Given New $55.00 Price Target at BNP Paribas

Onsemi (NASDAQ:ON) had its price objective decreased by analysts at BNP Paribas from $60.00 to $55.00 in a report released on Friday. BNP Paribas’ price target would indicate a potential downside of 25.55% from the company’s current price.

A number of other research firms have also commented on ON. Morgan Stanley lowered Onsemi from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $70.00 to $65.00 in a research report on Thursday, July 11th. Roth Mkm increased their target price on Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com lowered Onsemi from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. Rosenblatt Securities increased their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.43.

Onsemi Trading Up 3.7 %

ON traded up $2.63 during midday trading on Friday, reaching $73.88. 7,448,719 shares of the company’s stock traded hands, compared to its average volume of 6,729,476. The firm has a fifty day moving average of $71.63 and a two-hundred day moving average of $71.41. The stock has a market capitalization of $31.79 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 3.57 and a beta of 1.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 1.95. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. Onsemi’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 EPS. On average, equities analysts anticipate that Onsemi will post 4.01 earnings per share for the current fiscal year.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the sale, the insider now directly owns 231,092 shares of the company’s stock, valued at $18,011,310.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,939 shares of company stock worth $2,626,651 in the last ninety days. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Iridian Asset Management LLC CT lifted its holdings in shares of Onsemi by 23.1% in the third quarter. Iridian Asset Management LLC CT now owns 90,709 shares of the semiconductor company’s stock worth $6,586,000 after buying an additional 17,020 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Onsemi by 4.5% in the third quarter. First Trust Direct Indexing L.P. now owns 13,996 shares of the semiconductor company’s stock worth $1,016,000 after buying an additional 609 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Onsemi by 110.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 5,433 shares of the semiconductor company’s stock worth $394,000 after buying an additional 2,846 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Onsemi by 24.2% in the third quarter. Nisa Investment Advisors LLC now owns 42,028 shares of the semiconductor company’s stock worth $3,052,000 after buying an additional 8,182 shares in the last quarter. Finally, Custom Index Systems LLC lifted its position in shares of Onsemi by 5.9% in the third quarter. Custom Index Systems LLC now owns 7,633 shares of the semiconductor company’s stock worth $554,000 after buying an additional 425 shares in the last quarter. 97.70% of the stock is currently 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.