Onsemi (NASDAQ:ON – Get Free Report) released its quarterly earnings data on Monday. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02, Briefing.com reports. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $1.39 EPS. Onsemi’s quarterly revenue was down 19.2% on a year-over-year basis. Onsemi updated its Q4 guidance to $0.92-1.04 EPS and its Q4 2024 guidance to 0.920-1.040 EPS.
Onsemi Stock Down 2.1 %
Shares of NASDAQ ON opened at $72.10 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.82 and a beta of 1.65. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The stock’s 50-day simple moving average is $71.43 and its 200-day simple moving average is $71.49.
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 that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now owns 839,210 shares in the company, valued at $61,018,959.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on ON
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.
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