Somewhat Favorable Media Coverage Somewhat Unlikely to Impact ON Semiconductor (ON) Stock Price
Media headlines about ON Semiconductor (NASDAQ:ON) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ON Semiconductor earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.1055172176761 out of 100, indicating 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 news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Opportunity Outlook on the Indium Gallium Zinc Oxide Market to 2023: Covering Sharp Imaging & Information Company, Apple, Asus, AU Optronics, Fujitsu, and more … (businesswire.com)
- Semiconductor Diodes Market 2018 Global Top Companies are NEC, NXP, ON Semiconductor, Semikron Inc, ROHM (openpr.com)
- China’s Semiconductor Fab Capacity to Reach 20 Percent Worldwide Share in 2020, Region’s Equipment Market Expected to Rise to Top (investorideas.com)
- Seoul Semiconductor Sues Big-Box TV Retailer for Infringement of 15 LED Patents in U.S. Court (bizjournals.com)
- GlobalFoundries CTO to address semiconductor summit (dailygazette.com)
A number of brokerages have recently weighed in on ON. Craig Hallum raised their target price on ON Semiconductor from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. BidaskClub lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Nomura began coverage on ON Semiconductor in a research note on Wednesday, July 18th. They issued a “buy” rating and a $30.00 target price for the company. Zacks Investment Research upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 24th. Finally, ValuEngine lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. ON Semiconductor currently has an average rating of “Hold” and an average price target of $25.74.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, July 29th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. ON Semiconductor had a return on equity of 24.14% and a net margin of 16.66%. equities analysts predict that ON Semiconductor will post 1.84 earnings per share for the current fiscal year.
In other ON Semiconductor news, EVP Vince Craig Hopkin sold 3,172 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $21.66, for a total transaction of $68,705.52. Following the transaction, the executive vice president now owns 84,114 shares in the company, valued at $1,821,909.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $21.44, for a total value of $26,028.16. Following the transaction, the insider now owns 18,357 shares in the company, valued at approximately $393,574.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,394 shares of company stock worth $94,907. 1.29% of the stock is owned by company insiders.
About ON Semiconductor
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.
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