Equities analysts predict that ON Semiconductor (NASDAQ:ON) will post $0.45 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for ON Semiconductor’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. ON Semiconductor posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year over year growth rate of 73.1%. The business is scheduled to report its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that ON Semiconductor will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.81. For the next year, analysts forecast that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow ON Semiconductor.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, April 29th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. ON Semiconductor had a net margin of 15.90% and a return on equity of 23.00%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $0.18 earnings per share. ON Semiconductor’s revenue for the quarter was up 7.5% compared to the same quarter last year.
Several research firms have commented on ON. Zacks Investment Research downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. JPMorgan Chase increased their target price on shares of ON Semiconductor from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 1st. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, MKM Partners increased their target price on shares of ON Semiconductor to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. ON Semiconductor currently has an average rating of “Buy” and a consensus target price of $24.71.
In other ON Semiconductor news, insider Bernard Raymond Colpitts, Jr. sold 5,838 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $26.09, for a total transaction of $152,313.42. Following the completion of the transaction, the insider now owns 17,803 shares in the company, valued at $464,480.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Hall sold 25,179 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $23.65, for a total transaction of $595,483.35. Following the transaction, the executive vice president now owns 375,391 shares of the company’s stock, valued at approximately $8,877,997.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,579 shares of company stock valued at $6,948,894. 1.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in shares of ON Semiconductor by 132.3% in the fourth quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock valued at $84,695,000 after acquiring an additional 2,303,338 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of ON Semiconductor by 31.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,864,203 shares of the semiconductor company’s stock valued at $59,977,000 after acquiring an additional 677,112 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $650,000. Steward Partners Investment Advisory LLC raised its stake in shares of ON Semiconductor by 76,370.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,471 shares of the semiconductor company’s stock valued at $2,417,000 after acquiring an additional 115,320 shares during the last quarter. Finally, Regentatlantic Capital LLC bought a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $583,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.
ON Semiconductor stock traded up $0.07 during mid-day trading on Friday, hitting $23.77. 197,324 shares of the company’s stock were exchanged, compared to its average volume of 7,096,859. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 0.93. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.07 and a beta of 2.03. ON Semiconductor has a 1-year low of $23.47 and a 1-year high of $23.70.
ON Semiconductor Company Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
Get a free copy of the Zacks research report on ON Semiconductor (ON)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.