Onsemi (NASDAQ:ON) Issues Quarterly Earnings Results

Onsemi (NASDAQ:ONGet Free Report) issued its earnings results on Monday. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03), Zacks reports. Onsemi had a return on equity of 22.38% and a net margin of 23.80%.

Onsemi Stock Performance

ON opened at $51.25 on Monday. The business’s 50-day simple moving average is $60.60 and its 200 day simple moving average is $67.49. Onsemi has a 52-week low of $49.80 and a 52-week high of $85.16. 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 firm has a market capitalization of $21.82 billion, a PE ratio of 12.72, a PEG ratio of 10.27 and a beta of 1.61.

Insider Buying and Selling at Onsemi

In related 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 completion of the transaction, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ON. KeyCorp reduced their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Truist Financial reissued a “hold” rating and issued a $60.00 target price (down from $85.00) on shares of Onsemi in a research note on Friday, January 10th. Finally, UBS Group dropped their price target on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Check Out Our Latest Stock Analysis on ON

About Onsemi

(Get Free Report)

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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Earnings History for Onsemi (NASDAQ:ON)

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