ON Semiconductor Corp (NASDAQ:ON) – Analysts at Jefferies Group raised their Q1 2018 EPS estimates for ON Semiconductor in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Jefferies Group analyst M. Lipacis now anticipates that the semiconductor company will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.33. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for ON Semiconductor’s Q2 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.46 EPS.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share.
A number of other equities analysts have also commented on ON. Credit Suisse Group boosted their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a report on Tuesday, November 7th. Mizuho reiterated a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of ON Semiconductor in a report on Friday, January 12th. Summit Redstone lowered shares of ON Semiconductor to a “hold” rating in a report on Monday, November 6th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor in a research report on Monday, December 11th. Finally, B. Riley upped their target price on shares of ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.99.
Shares of ON Semiconductor (NASDAQ:ON) traded down $0.26 on Thursday, hitting $22.54. 4,416,350 shares of the company’s stock were exchanged, compared to its average volume of 9,485,390. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. The firm has a market cap of $9,670.90, a price-to-earnings ratio of 19.66, a PEG ratio of 1.08 and a beta of 2.08. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $25.60.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Convergence Investment Partners LLC increased its holdings in shares of ON Semiconductor by 4.9% in the fourth quarter. Convergence Investment Partners LLC now owns 183,149 shares of the semiconductor company’s stock valued at $3,835,000 after purchasing an additional 8,579 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in ON Semiconductor by 10.6% during the third quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock worth $3,644,000 after acquiring an additional 18,934 shares in the last quarter. GSA Capital Partners LLP raised its stake in ON Semiconductor by 50.4% during the third quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock worth $721,000 after acquiring an additional 13,087 shares in the last quarter. Chicago Equity Partners LLC increased its stake in shares of ON Semiconductor by 7.0% in the fourth quarter. Chicago Equity Partners LLC now owns 120,035 shares of the semiconductor company’s stock valued at $2,514,000 after buying an additional 7,835 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $573,000. Institutional investors own 99.81% of the company’s stock.
In other ON Semiconductor news, Director Daryl Ostrander sold 1,398 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the transaction, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William Hall sold 22,583 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total transaction of $538,830.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,880 shares of company stock valued at $989,468. 1.60% of the stock is owned by insiders.
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ON Semiconductor Company Profile
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.
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