Onsemi (NASDAQ:ON) Price Target Cut to $85.00 by Analysts at Deutsche Bank Aktiengesellschaft

Onsemi (NASDAQ:ON) had its price target lowered by Deutsche Bank Aktiengesellschaft from $90.00 to $85.00 in a research note issued to investors on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also issued reports on ON. Rosenblatt Securities cut their price target on shares of Onsemi from $75.00 to $70.00 and set a neutral rating on the stock in a report on Tuesday. Evercore ISI assumed coverage on shares of Onsemi in a report on Tuesday, April 16th. They issued an outperform rating and a $104.00 price target on the stock. KeyCorp cut their price target on shares of Onsemi from $100.00 to $90.00 and set an overweight rating on the stock in a report on Tuesday. Stifel Nicolaus cut their price target on shares of Onsemi from $82.00 to $72.00 and set a hold rating on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Onsemi from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $90.24.

Onsemi Trading Up 0.5 %

Shares of ON stock traded up $0.36 on Tuesday, hitting $70.37. 6,515,239 shares of the company’s stock traded hands, compared to its average volume of 7,550,528. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.87. Onsemi has a one year low of $59.34 and a one year high of $111.35. The company’s fifty day simple moving average is $72.46 and its 200 day simple moving average is $74.92. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.12 and a beta of 1.78.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating 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 analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $1.19 EPS. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities analysts forecast that Onsemi will post 3.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Provence Wealth Management Group bought a new position in shares of Onsemi in the third quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Onsemi in the fourth quarter worth approximately $32,000. MeadowBrook Investment Advisors LLC bought a new position in Onsemi during the fourth quarter valued at approximately $33,000. Private Wealth Management Group LLC bought a new position in Onsemi during the fourth quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. bought a new position in Onsemi during the third quarter valued at approximately $38,000. 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.