Mizuho Issues Pessimistic Forecast for Onsemi (NASDAQ:ON) Stock Price

Onsemi (NASDAQ:ON) had its price target reduced by equities research analysts at Mizuho from $85.00 to $71.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target suggests a potential upside of 41.83% from the stock’s previous close.

Several other brokerages also recently issued reports on ON. Robert W. Baird lifted their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. KeyCorp decreased their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. TD Cowen dropped their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, BNP Paribas decreased their price target on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. 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’s stock. According to data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.16.

Onsemi Stock Up 4.4 %

Shares of NASDAQ:ON opened at $50.06 on Tuesday. The company has a market capitalization of $21.32 billion, a PE ratio of 12.42, a P/E/G ratio of 10.27 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company’s fifty day moving average is $59.30 and its 200-day moving average is $67.06. Onsemi has a 52 week low of $46.57 and a 52 week high of $85.16.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Equities research analysts predict that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Onsemi

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