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

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

Onsemi Price Performance

Shares of NASDAQ:ON opened at $51.25 on Monday. Onsemi has a one year low of $49.80 and a one year high of $85.16. 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 firm 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 company’s fifty day moving average price is $60.60 and its 200-day moving average price is $67.49.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the sale, the chief executive officer now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of Onsemi in a report on Tuesday, October 29th. TD Cowen lowered their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Truist Financial reiterated a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. KeyCorp lowered their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, B. Riley cut their target price on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Two equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.50.

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.