Onsemi (NASDAQ:ON) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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

Onsemi Trading Down 2.3 %

NASDAQ:ON opened at $51.25 on Monday. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 10.27 and a beta of 1.61. The firm has a fifty day simple moving average of $60.60 and a two-hundred day simple moving average of $67.49.

Analyst Ratings Changes

Several research analysts have recently commented on ON shares. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Susquehanna lowered their price objective on Onsemi from $80.00 to $70.00 and set a “positive” rating on the stock in a research note on Wednesday, January 22nd. BNP Paribas cut their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. B. Riley decreased their price target on Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target on Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the sale, the chief executive officer now owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.