ON Semiconductor Corp (NASDAQ:ON) – B. Riley decreased their Q2 2018 earnings per share estimates for shares of ON Semiconductor in a research note issued to investors on Monday. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $0.42 per share for the quarter, down from their prior estimate of $0.43. B. Riley has a “Buy” rating and a $29.00 price target on the stock. B. Riley also issued estimates for ON Semiconductor’s Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.75 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.05 EPS and FY2020 earnings at $2.30 EPS.

A number of other brokerages have also issued reports on ON. Credit Suisse Group upped their target price on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Mizuho increased their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Citigroup increased their price objective on shares of ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.83.

ON Semiconductor (ON) traded down $0.53 during trading hours on Tuesday, reaching $21.53. 1,552,490 shares of the company’s stock were exchanged, compared to its average volume of 8,002,247. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock has a market cap of $9,620.00, a PE ratio of 11.67, a P/E/G ratio of 1.07 and a beta of 2.08. ON Semiconductor has a one year low of $13.65 and a one year high of $25.60.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%.

In related news, EVP Robert A. Klosterboer sold 27,937 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $21.52, for a total transaction of $601,204.24. Following the completion of the sale, the executive vice president now directly owns 437,785 shares in the company, valued at $9,421,133.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the sale, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The disclosure for this sale can be found here. Insiders sold 126,183 shares of company stock worth $2,742,144 in the last 90 days. 1.60% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ON. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ON Semiconductor during the fourth quarter worth approximately $101,000. BB&T Securities LLC acquired a new position in ON Semiconductor in the 3rd quarter worth approximately $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor in the 3rd quarter worth approximately $200,000. Ifrah Financial Services Inc. acquired a new position in ON Semiconductor in the 4th quarter worth approximately $208,000. Finally, Prospera Financial Services Inc acquired a new position in ON Semiconductor in the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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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.

Earnings History and Estimates for ON Semiconductor (NASDAQ:ON)

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