Onsemi (NASDAQ:ON) Releases Q4 Earnings Guidance

Onsemi (NASDAQ:ON) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.92-1.04 for the period, compared to the consensus earnings per share estimate of $1.00. The company issued revenue guidance of $1.71-1.81 billion, compared to the consensus revenue estimate of $1.77 billion.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ON shares. JPMorgan Chase & Co. lifted their price objective on Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Morgan Stanley downgraded Onsemi from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $70.00 to $65.00 in a research report on Thursday, July 11th. Truist Financial increased their price target on shares of Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Susquehanna upped their target price on shares of Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Finally, Roth Mkm raised their price target on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.74.

Onsemi Trading Up 1.7 %

NASDAQ:ON opened at $71.25 on Monday. The company has a market capitalization of $30.65 billion, a PE ratio of 14.54, a P/E/G ratio of 3.57 and a beta of 1.65. Onsemi has a 52-week low of $59.34 and a 52-week high of $86.77. The stock’s 50 day moving average price is $71.63 and its 200 day moving average price is $71.41. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31.

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

Insider Transactions at Onsemi

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