onsemi (NASDAQ:ON) Stock Gets Price Target Trim from Mizuho

onsemi (NASDAQ:ON) had its target price cut by Mizuho from $95.00 to $87.00 in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently issued reports on ON. Wells Fargo & Company cut their target price on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday. Citigroup lowered their target price on onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Stonex Financial upgraded onsemi to a “strong-buy” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group cut their price target on onsemi from $95.00 to $85.00 in a report on Tuesday. Finally, B. Riley Financial reduced their price objective on onsemi from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.03.

onsemi Stock Down 11.6%

Shares of NASDAQ:ON opened at $63.01 on Tuesday. The company’s fifty day moving average is $74.45 and its two-hundred day moving average is $82.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.49 and a current ratio of 3.55. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 0.57 and a beta of 2.11.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that onsemi will post 3.27 EPS for the current year.

Insider Transactions at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Greenleaf Trust grew its stake in shares of onsemi by 2.5% in the third quarter. Greenleaf Trust now owns 5,890 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 144 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of onsemi by 2.7% during the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares in the last quarter. Compound Planning Inc. lifted its holdings in onsemi by 3.9% in the first quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 179 shares during the period. Root Financial Partners LLC lifted its holdings in onsemi by 39.4% in the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 198 shares during the period. Finally, Brookstone Capital Management lifted its holdings in onsemi by 5.6% in the third quarter. Brookstone Capital Management now owns 5,318 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported its fourth consecutive earnings beat, while data-center sales reportedly surged 175%. The company’s planned $600 million acquisition of Ferric is intended to strengthen its power-delivery technology for AI processors. Onsemi AI data-center sales and valuation
• Neutral Sentiment: Investors are weighing whether fast-growing AI demand can become a durable growth driver for onsemi, or whether it is insufficient to offset weakness elsewhere in the business.
• Negative Sentiment: Semiconductor peers also fell in a post-midterm retreat from AI-chip stocks, adding sector-wide pressure despite no new company-specific negative catalyst reported for onsemi. AI-chip stocks slide
• Negative Sentiment: Reports that onsemi is delaying some automakers’ inventory restocking while prioritizing AI and industrial customers raise concerns about near-term auto demand. Several analysts have also taken a more cautious view, including Mizuho and Goldman Sachs, which lowered expectations for the stock. Onsemi delays auto restocking as AI sales jump Mizuho forecast

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. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.