Onsemi (ON) Projected to Post Quarterly Earnings on Monday

Onsemi (NASDAQ:ON) is projected to post its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect Onsemi to post earnings of $0.98 per share and revenue of $1,762,650.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The firm’s revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. On average, analysts expect Onsemi to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Onsemi Stock Down 3.1 %

Shares of NASDAQ:ON opened at $54.50 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a 52-week low of $53.10 and a 52-week high of $85.16. The business’s 50 day simple moving average is $64.00 and its two-hundred day simple moving average is $69.08. The firm has a market cap of $23.21 billion, a P/E ratio of 13.52, a PEG ratio of 10.62 and a beta of 1.64.

Insider Buying and Selling

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 value of $106,500.00. Following the completion of the sale, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a report on Tuesday, October 29th. Truist Financial restated a “hold” rating and issued a $60.00 target price (down previously from $85.00) on shares of Onsemi in a report on Friday, January 10th. Susquehanna cut their price target on Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Finally, KeyCorp decreased their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and a consensus target price of $81.70.

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.