ON Semiconductor (NASDAQ:ON) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

ON Semiconductor (NASDAQ:ON) announced its quarterly earnings results on Monday. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02, FiscalAI reports. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%.

ON Semiconductor Stock Down 0.2%

NASDAQ ON traded down $0.10 on Monday, hitting $65.10. 11,922,265 shares of the stock traded hands, compared to its average volume of 9,714,571. The company has a market capitalization of $26.19 billion, a P/E ratio of 84.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $66.86. The stock has a 50-day moving average of $58.09 and a 200 day moving average of $52.93. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Institutional Trading of ON Semiconductor

A number of large investors have recently modified their holdings of ON. Darwin Wealth Management LLC acquired a new stake in ON Semiconductor in the 2nd quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its stake in shares of ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 507 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of ON Semiconductor in the 2nd quarter worth $65,000. Sunbelt Securities Inc. raised its holdings in ON Semiconductor by 13.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,950 shares of the semiconductor company’s stock worth $96,000 after buying an additional 235 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new stake in ON Semiconductor during the third quarter valued at about $136,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ON shares. Morgan Stanley boosted their price objective on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Rosenblatt Securities restated a “neutral” rating and issued a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. B. Riley Financial lifted their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Piper Sandler upped their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, Stifel Nicolaus lifted their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.30.

Key Headlines Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Momentum ahead of earnings — ON is in the spotlight as Q4 results approach, drawing trader/institutional attention and driving intraday buying interest. ON Semiconductor In Focus As Q4 Earnings Approach
• Positive Sentiment: Healthy balance-sheet cues — ON’s liquidity (high quick and current ratios) and modest leverage support downside resilience if results are mixed; that can encourage buyers ahead of the print. No external link
• Neutral Sentiment: Earnings timing — The company is due to report Q4 results today after the market close; headlines and guidance will likely drive near-term volatility and set direction for the stock. Becton Dickinson, ON Semiconductor And 3 Stocks To Watch Heading Into Monday
• Negative Sentiment: Analysts trimming Q4 forecasts — The most accurate analysts have revised estimates lower ahead of the call, signaling an elevated risk of an earnings miss or weak guidance that could trigger a pullback. Investors should watch EPS, revenue, and any margin or inventory commentary closely. ON Semiconductor Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: High valuation — ON’s elevated P/E and PEG ratios leave limited room for disappointment; a weak report or cautious guidance could produce outsized downside versus peers. No external link

About ON Semiconductor

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.