Onsemi (NASDAQ:ON) Expected to Earn FY2025 Earnings of $4.76 Per Share

Onsemi (NASDAQ:ON) – Analysts at KeyCorp issued their FY2025 earnings estimates for shares of Onsemi in a research note issued to investors on Monday, October 7th. KeyCorp analyst J. Vinh forecasts that the semiconductor company will post earnings per share of $4.76 for the year. KeyCorp has a “Overweight” rating and a $90.00 price target on the stock. The consensus estimate for Onsemi’s current full-year earnings is $4.01 per share.

A number of other brokerages have also recently commented on ON. Rosenblatt Securities lifted their price target on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Citigroup lowered shares of Onsemi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $77.00 in a report on Monday, July 15th. Truist Financial raised their price target on shares of Onsemi from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Roth Mkm boosted their price target on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.83.

Onsemi Price Performance

Shares of Onsemi stock opened at $70.53 on Wednesday. The stock has a market capitalization of $30.21 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 3.84 and a beta of 1.65. The company has a fifty day moving average of $72.19 and a 200-day moving average of $71.61. Onsemi has a 52-week low of $59.34 and a 52-week high of $95.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year.

Institutional Investors Weigh In On Onsemi

Large investors have recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in shares of Onsemi by 5,500.0% in the first quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 550 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Onsemi in the second quarter worth $43,000. Fidelis Capital Partners LLC purchased a new position in Onsemi in the 1st quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Onsemi in the second quarter valued at approximately $53,000. 97.70% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were 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 approximately $18,011,310.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Simon Keeton sold 30,939 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $77.94, for a total value 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 approximately $18,011,310.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the sale, the chief executive officer now owns 840,620 shares in the company, valued at $59,515,896. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

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.