Equities research analysts forecast that ON Semiconductor Corp (NASDAQ:ON) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for ON Semiconductor’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. ON Semiconductor reported earnings per share of $0.53 during the same quarter last year, which would suggest a negative year-over-year growth rate of 37.7%. The firm is scheduled to announce its next earnings results on Friday, February 7th.
On average, analysts expect that ON Semiconductor will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.54. For the next year, analysts anticipate that the company will post earnings of $1.59 per share, with EPS estimates ranging from $1.50 to $1.68. Zacks’ earnings per share averages are an average based on a survey of analysts that follow ON Semiconductor.
ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, October 27th. The semiconductor company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). ON Semiconductor had a net margin of 5.71% and a return on equity of 21.95%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year.
ON has been the topic of several research reports. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, October 9th. ValuEngine upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Benchmark initiated coverage on ON Semiconductor in a research note on Friday, September 20th. They issued a “buy” rating and a $26.00 target price on the stock. Wells Fargo & Co restated a “hold” rating on shares of ON Semiconductor in a research report on Monday. Finally, BNP Paribas initiated coverage on ON Semiconductor in a research report on Friday, August 30th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.04.
In related news, CFO Bernard Gutmann sold 43,266 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $18.79, for a total transaction of $812,968.14. Following the transaction, the chief financial officer now owns 700,344 shares in the company, valued at approximately $13,159,463.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Simon Keeton sold 8,812 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.02, for a total value of $176,416.24. Following the transaction, the executive vice president now owns 119,101 shares in the company, valued at approximately $2,384,402.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,535 shares of company stock worth $1,737,379. Company insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ON. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $1,814,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ON Semiconductor by 21.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,111,410 shares of the semiconductor company’s stock worth $22,462,000 after purchasing an additional 198,923 shares in the last quarter. Fisher Asset Management LLC raised its holdings in ON Semiconductor by 30.7% in the second quarter. Fisher Asset Management LLC now owns 827,957 shares of the semiconductor company’s stock worth $16,733,000 after purchasing an additional 194,560 shares in the last quarter. First Trust Advisors LP lifted its position in ON Semiconductor by 98.7% during the second quarter. First Trust Advisors LP now owns 1,808,204 shares of the semiconductor company’s stock valued at $36,544,000 after buying an additional 898,371 shares during the period. Finally, Dupont Capital Management Corp lifted its position in ON Semiconductor by 8.0% during the second quarter. Dupont Capital Management Corp now owns 67,978 shares of the semiconductor company’s stock valued at $1,374,000 after buying an additional 5,046 shares during the period. Institutional investors and hedge funds own 96.89% of the company’s stock.
ON stock opened at $21.98 on Friday. The firm has a 50 day simple moving average of $21.11 and a two-hundred day simple moving average of $19.58. The stock has a market cap of $9.09 billion, a PE ratio of 11.21, a P/E/G ratio of 1.47 and a beta of 2.19. ON Semiconductor has a one year low of $15.06 and a one year high of $23.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 0.92.
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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