ON Semiconductor (NASDAQ:ON) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media headlines about ON Semiconductor (NASDAQ:ON) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ON Semiconductor earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.023625772461 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

ON Semiconductor (NASDAQ:ON) traded up $0.42 on Wednesday, hitting $23.92. 6,988,425 shares of the company were exchanged, compared to its average volume of 6,021,963. The company has a market cap of $10,150.00, a PE ratio of 26.00, a P/E/G ratio of 0.77 and a beta of 2.02. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor has a 1-year low of $13.02 and a 1-year high of $24.07.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. research analysts predict that ON Semiconductor will post 1.43 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Vetr lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price target on the stock. in a research report on Wednesday, January 10th. Summit Redstone lowered ON Semiconductor to a “hold” rating in a research report on Monday, November 6th. Bank of America reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Sunday, October 1st. Jefferies Group reaffirmed a “hold” rating and set a $20.00 price objective on shares of ON Semiconductor in a report on Thursday, October 19th. Finally, B. Riley upped their price objective on ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.26.

In related news, EVP George H. Cave sold 3,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $22.85, for a total value of $68,550.00. Following the completion of the sale, the executive vice president now directly owns 394,570 shares in the company, valued at approximately $9,015,924.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the sale, the vice president now owns 305,807 shares of the company’s stock, valued at $6,431,121.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,291 shares of company stock valued at $3,720,378. Corporate insiders own 1.40% of the company’s stock.

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About ON Semiconductor

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

Insider Buying and Selling by Quarter for ON Semiconductor (NASDAQ:ON)

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