Analysts predict that ON Semiconductor Corp (NASDAQ:ON) will post $0.43 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have made estimates for ON Semiconductor’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.48. ON Semiconductor posted earnings per share of $0.46 in the same quarter last year, which would indicate a negative year over year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that ON Semiconductor will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.68 to $2.02. For the next fiscal year, analysts forecast that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.75 to $2.35. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover ON Semiconductor.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. ON Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share.

Several equities analysts have issued reports on ON shares. Goldman Sachs Group raised ON Semiconductor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.00 to $26.00 in a report on Wednesday, March 27th. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of ON Semiconductor in a report on Monday, March 11th. Robert W. Baird reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Monday, February 4th. Finally, BidaskClub raised ON Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.11.

In related news, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $22.52, for a total value of $225,200.00. Following the completion of the sale, the director now owns 129,655 shares in the company, valued at $2,919,830.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $23.04, for a total transaction of $70,709.76. The disclosure for this sale can be found here. Insiders have sold 38,069 shares of company stock valued at $864,410 in the last quarter. Insiders own 1.40% of the company’s stock.

A number of large investors have recently made changes to their positions in ON. Scout Investments Inc. lifted its position in shares of ON Semiconductor by 91.6% during the 1st quarter. Scout Investments Inc. now owns 774,019 shares of the semiconductor company’s stock valued at $15,922,000 after acquiring an additional 369,948 shares during the period. Vanguard Group Inc lifted its position in shares of ON Semiconductor by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after acquiring an additional 411,056 shares during the period. CFO4Life Group LLC lifted its position in shares of ON Semiconductor by 8.6% during the 4th quarter. CFO4Life Group LLC now owns 29,183 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 2,316 shares during the period. Caption Management LLC purchased a new position in shares of ON Semiconductor during the 4th quarter worth approximately $1,320,000. Finally, AlphaMark Advisors LLC increased its stake in shares of ON Semiconductor by 40.0% during the 4th quarter. AlphaMark Advisors LLC now owns 261,542 shares of the semiconductor company’s stock worth $4,318,000 after purchasing an additional 74,706 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

NASDAQ:ON traded down $0.40 during trading hours on Friday, hitting $18.35. The company’s stock had a trading volume of 1,996,235 shares, compared to its average volume of 7,096,752. The firm has a market capitalization of $7.72 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.46 and a beta of 2.05. ON Semiconductor has a 52-week low of $14.55 and a 52-week high of $26.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.31 and a quick ratio of 1.38.

About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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