Onsemi (ON) to Release Earnings on Monday

Onsemi (NASDAQ:ON) is scheduled to be posting its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect Onsemi to post earnings of $1.05 per share for the quarter. Onsemi has set its Q1 guidance at $0.98-1.10 EPS and its Q1 2024 guidance at 0.980-1.100 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $1.32 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts expect Onsemi to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Onsemi Stock Performance

NASDAQ:ON opened at $68.06 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $73.32 and a two-hundred day moving average price of $75.70. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35. The company has a market capitalization of $29.26 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 6.40 and a beta of 1.80.

Analysts Set New Price Targets

ON has been the subject of a number of recent research reports. Susquehanna reiterated a “positive” rating and set a $90.00 price target on shares of Onsemi in a report on Monday, April 8th. TD Cowen lifted their price target on shares of Onsemi from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Wells Fargo & Company lowered their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial lowered their price target on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $92.00 price target on shares of Onsemi in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.28.

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.