Onsemi (NASDAQ:ON – Get Free Report) issued its earnings results on Monday. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02, Briefing.com reports. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. Onsemi updated its Q4 guidance to $0.92-1.04 EPS and its Q4 2024 guidance to 0.920-1.040 EPS.
Onsemi Price Performance
ON opened at $74.70 on Wednesday. The stock’s 50-day moving average price is $71.49 and its 200 day moving average price is $71.48. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The firm has a market cap of $32.00 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 3.82 and a beta of 1.65. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31.
Insider Buying and Selling at Onsemi
In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at $61,018,959.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
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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