ON Semiconductor (NASDAQ:ON) Announces Earnings Results, Beats Estimates By $0.01 EPS
ON Semiconductor (NASDAQ:ON) announced its earnings results on Sunday. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, MarketWatch Earnings reports. ON Semiconductor had a return on equity of 9.92% and a net margin of 3.87%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year.
ON Semiconductor stock traded down $0.83 during midday trading on Tuesday, reaching $36.74. The company’s stock had a trading volume of 519,999 shares, compared to its average volume of 7,090,835. ON Semiconductor has a fifty-two week low of $13.48 and a fifty-two week high of $44.59. The company has a quick ratio of 1.40, a current ratio of 2.11 and a debt-to-equity ratio of 1.03. The company has a market cap of $15.36 billion, a P/E ratio of 74.41, a P/E/G ratio of 5.67 and a beta of 1.99. The business has a 50-day simple moving average of $41.30 and a 200-day simple moving average of $35.14.
In other news, EVP Vince Craig Hopkin sold 1,000 shares of ON Semiconductor stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $39.26, for a total transaction of $39,260.00. Following the sale, the executive vice president now owns 133,924 shares in the company, valued at $5,257,856.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 29,261 shares of ON Semiconductor stock in a transaction dated Friday, April 9th. The stock was sold at an average price of $42.58, for a total value of $1,245,933.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,413 shares of company stock worth $4,464,308. 1.42% of the stock is owned by insiders.
About ON Semiconductor
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.
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