Roth Capital Has Bearish Forecast for Onsemi Q4 Earnings

Onsemi (NASDAQ:ON) – Equities research analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for Onsemi in a report issued on Monday, October 28th. Roth Capital analyst S. Desilva now forecasts that the semiconductor company will post earnings per share of $0.97 for the quarter, down from their previous forecast of $1.02. The consensus estimate for Onsemi’s current full-year earnings is $4.01 per share. Roth Capital also issued estimates for Onsemi’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.20 EPS and FY2025 earnings at $4.35 EPS.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. 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 company earned $1.39 earnings per share. The company’s revenue was down 19.2% on a year-over-year basis.

Several other equities research analysts also recently commented on ON. BNP Paribas reduced their price objective on Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Susquehanna lifted their price objective on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Needham & Company LLC reduced their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial reduced their price objective on Onsemi from $97.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average price target of $85.91.

Onsemi Price Performance

NASDAQ ON opened at $70.49 on Wednesday. Onsemi has a one year low of $59.34 and a one year high of $86.77. The stock has a 50-day moving average of $71.43 and a 200 day moving average of $71.49. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.01.

Institutional Trading of Onsemi

A number of large investors have recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. increased its position in shares of Onsemi by 6.4% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 13,476 shares of the semiconductor company’s stock valued at $978,000 after purchasing an additional 815 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of Onsemi during the 3rd quarter valued at approximately $201,000. Sentry Investment Management LLC increased its position in shares of Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after purchasing an additional 209 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Onsemi by 235.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 973 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Onsemi by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 186,997 shares of the semiconductor company’s stock valued at $13,578,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’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 value of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by insiders.

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.