Onsemi (ON) Set to Announce Earnings on Monday

Onsemi (NASDAQ:ON - Get Free Report) is set to announce its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Onsemi has set its Q3 guidance at $0.91-1.03 EPS and its Q3 2024 guidance at 0.910-1.030 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm's revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, analysts expect Onsemi to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Onsemi Trading Down 2.0 %

ON stock traded down $1.35 during midday trading on Monday, reaching $67.14. The stock had a trading volume of 6,742,253 shares, compared to its average volume of 6,688,498. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.90 and a beta of 1.65. The business has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $71.44.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company's stock in a transaction 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 approximately $61,018,959.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Simon Keeton sold 30,939 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the transaction, the insider now directly owns 231,092 shares of the company's stock, valued at approximately $18,011,310.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 1,500 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 33,939 shares of company stock worth $2,626,651 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ON has been the subject of a number of recent analyst reports. Mizuho set a $85.00 price target on Onsemi in a research note on Friday. JPMorgan Chase & Co. increased their target price on shares of Onsemi from $85.00 to $88.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Susquehanna boosted their price target on shares of Onsemi from $85.00 to $95.00 and gave the company a "positive" rating in a report on Wednesday, July 17th. Citigroup downgraded Onsemi from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $85.00 to $77.00 in a research note on Monday, July 15th. Finally, Benchmark boosted their target price on Onsemi from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.74.

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.