B. Riley Forecasts Onsemi's FY2026 Earnings (NASDAQ:ON)

Onsemi (NASDAQ:ON - Free Report) - B. Riley cut their FY2026 earnings per share (EPS) estimates for Onsemi in a research note issued to investors on Monday, May 5th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $2.51 per share for the year, down from their prior estimate of $3.10. B. Riley has a "Neutral" rating and a $41.00 price objective on the stock. The consensus estimate for Onsemi's current full-year earnings is $2.60 per share.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Onsemi's quarterly revenue was down 22.4% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS.

A number of other equities analysts have also recently weighed in on ON. Rosenblatt Securities restated a "neutral" rating and set a $42.00 price objective on shares of Onsemi in a research report on Tuesday. Truist Financial dropped their price objective on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Robert W. Baird cut their price objective on Onsemi from $42.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday. KeyCorp decreased their price objective on shares of Onsemi from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.32.

Onsemi Trading Up 0.8 %

Shares of NASDAQ:ON opened at $38.80 on Thursday. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 16.74 and a beta of 1.39. The business has a 50-day moving average price of $39.89 and a 200-day moving average price of $54.37. Onsemi has a 52-week low of $31.04 and a 52-week high of $80.08. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ON. Nordea Investment Management AB raised its holdings in Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock valued at $25,724,000 after acquiring an additional 82,614 shares in the last quarter. Fulton Bank N.A. boosted its position in Onsemi by 61.0% during the 4th quarter. Fulton Bank N.A. now owns 4,640 shares of the semiconductor company's stock worth $293,000 after buying an additional 1,758 shares during the period. Czech National Bank raised its position in Onsemi by 5.8% during the 4th quarter. Czech National Bank now owns 92,322 shares of the semiconductor company's stock worth $5,821,000 after purchasing an additional 5,062 shares during the last quarter. Bar Harbor Wealth Management increased its position in Onsemi by 5.7% during the 4th quarter. Bar Harbor Wealth Management now owns 33,987 shares of the semiconductor company's stock valued at $2,143,000 after purchasing an additional 1,845 shares during the period. Finally, Oak Thistle LLC bought a new position in Onsemi during the fourth quarter worth $515,000. Institutional investors own 97.70% of the company's stock.

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.

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