Onsemi (ON) to Release Quarterly Earnings on Monday

Onsemi (NASDAQ:ON) is anticipated to release its earnings data 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Onsemi (NASDAQ:ON) last announced its quarterly 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 firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. 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 %

Onsemi stock opened at $54.50 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company’s 50-day moving average is $64.00 and its 200-day moving average is $69.08. The firm has a market capitalization of $23.21 billion, a PE ratio of 13.52, a P/E/G ratio of 10.62 and a beta of 1.64. Onsemi has a fifty-two week low of $53.10 and a fifty-two week high of $85.16.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ON. Morgan Stanley lifted their target price on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Mizuho set a $85.00 price objective on Onsemi in a report on Friday, October 18th. Loop Capital assumed coverage on Onsemi in a research note on Monday, November 11th. They set a “buy” rating and a $95.00 target price on the stock. Robert W. Baird boosted their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, B. Riley lowered their price objective on Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.70.

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.