Equities research analysts expect that ON Semiconductor Corp (NASDAQ:ON) will post sales of $1.38 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for ON Semiconductor’s earnings. ON Semiconductor reported sales of $1.50 billion during the same quarter last year, which would suggest a negative year over year growth rate of 8%. The firm is expected to report its next quarterly earnings report on Friday, February 7th.
On average, analysts expect that ON Semiconductor will report full year sales of $5.49 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $5.69 billion, with estimates ranging from $5.62 billion to $5.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for ON Semiconductor.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, October 27th. The semiconductor company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. ON Semiconductor had a net margin of 5.71% and a return on equity of 21.95%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share.
Several brokerages recently issued reports on ON. Loop Capital dropped their target price on shares of ON Semiconductor to $23.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. BNP Paribas began coverage on shares of ON Semiconductor in a report on Friday, August 30th. They issued an “outperform” rating on the stock. Mizuho restated a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a report on Sunday, October 27th. Citigroup raised their target price on shares of ON Semiconductor from $21.00 to $24.50 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, TheStreet cut shares of ON Semiconductor from a “b” rating to a “c+” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor presently has an average rating of “Buy” and an average price target of $25.27.
In other ON Semiconductor news, EVP Simon Keeton sold 8,812 shares of ON Semiconductor stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.02, for a total value of $176,416.24. Following the sale, the executive vice president now directly owns 119,101 shares in the company, valued at approximately $2,384,402.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Vince Craig Hopkin sold 2,457 shares of ON Semiconductor stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $20.95, for a total transaction of $51,474.15. Following the completion of the sale, the executive vice president now owns 103,853 shares in the company, valued at $2,175,720.35. The disclosure for this sale can be found here. Insiders have sold a total of 87,535 shares of company stock worth $1,737,379 over the last 90 days. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Oakworth Capital Inc. purchased a new position in shares of ON Semiconductor in the 2nd quarter worth $28,000. Steward Partners Investment Advisory LLC grew its stake in shares of ON Semiconductor by 76.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,894 shares of the semiconductor company’s stock worth $36,000 after buying an additional 818 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of ON Semiconductor in the 2nd quarter worth $71,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of ON Semiconductor in the 2nd quarter worth $77,000. Finally, Stephens Inc. AR grew its stake in shares of ON Semiconductor by 11.2% in the 2nd quarter. Stephens Inc. AR now owns 4,983 shares of the semiconductor company’s stock worth $101,000 after buying an additional 503 shares in the last quarter. Institutional investors own 95.72% of the company’s stock.
Shares of NASDAQ:ON opened at $21.79 on Friday. ON Semiconductor has a 12 month low of $15.06 and a 12 month high of $23.54. The company has a current ratio of 1.54, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $19.68 and a 200-day moving average price of $19.51. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21.
ON Semiconductor Company Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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