By otakuyassine3@gmail.com 
Onsemi (NASDAQ:ON – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday after KeyCorp lowered their price target on the stock from $90.00 to $70.00. KeyCorp currently has an overweight rating on the stock. Onsemi traded as low as $53.10 and last traded at $55.87, with a volume of 12192152 shares changing hands. The stock had previously closed at $53.94.
A number of other brokerages have also recently commented on ON. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Loop Capital began coverage on Onsemi in a research report on Monday, November 11th. They issued a “buy” rating and a $95.00 price target for the company. The Goldman Sachs Group reduced their price target on Onsemi from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Morgan Stanley upped their price target on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $87.00 price target on shares of Onsemi in a research report on Tuesday, November 19th. Two equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.35.
View Our Latest Research Report on ON
Insider Transactions at Onsemi
In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in Onsemi by 408.2% during the 2nd quarter. Federated Hermes Inc. now owns 144,383 shares of the semiconductor company’s stock valued at $9,897,000 after acquiring an additional 115,972 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Onsemi by 18.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after purchasing an additional 665,633 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Onsemi by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 602,796 shares of the semiconductor company’s stock worth $41,322,000 after purchasing an additional 21,700 shares in the last quarter. Argent Trust Co boosted its position in shares of Onsemi by 9.9% in the 2nd quarter. Argent Trust Co now owns 3,651 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 328 shares in the last quarter. Finally, Tredje AP fonden boosted its position in shares of Onsemi by 320.5% in the 2nd quarter. Tredje AP fonden now owns 67,185 shares of the semiconductor company’s stock worth $4,606,000 after purchasing an additional 51,207 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Onsemi Price Performance
The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 7.07 and a beta of 1.64. The stock has a 50-day moving average price of $66.29 and a two-hundred day moving average price of $70.11.
Onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm’s revenue was down 19.2% compared to the same quarter last year. As a group, equities research analysts forecast that Onsemi will post 4 EPS for the current year.
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.
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