Equities analysts expect ON Semiconductor (NASDAQ:ON) to report earnings of $0.39 per share for the current quarter, according to Zacks. Eight analysts have made estimates for ON Semiconductor’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. ON Semiconductor reported earnings of $0.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 85.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, April 30th.

On average, analysts expect that ON Semiconductor will report full year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.68 to $1.78. For the next year, analysts expect that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for ON Semiconductor.

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ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis.

A number of research analysts have weighed in on ON shares. ValuEngine raised shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, March 6th. Mizuho boosted their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Citigroup boosted their price objective on shares of ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Piper Jaffray initiated coverage on shares of ON Semiconductor in a research report on Monday, December 18th. They issued a “neutral” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.09.

In related news, Director Atsushi Abe sold 20,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $22.53, for a total transaction of $450,600.00. Following the transaction, the director now directly owns 154,913 shares in the company, valued at $3,490,189.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul E. Rolls sold 30,933 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $26.03, for a total transaction of $805,185.99. Following the transaction, the vice president now owns 280,905 shares in the company, valued at $7,311,957.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,400 shares of company stock worth $6,384,941. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Westover Capital Advisors LLC increased its holdings in shares of ON Semiconductor by 13.9% in the fourth quarter. Westover Capital Advisors LLC now owns 19,982 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 2,433 shares during the last quarter. SignalPoint Asset Management LLC lifted its holdings in shares of ON Semiconductor by 6.2% in the 4th quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock worth $889,000 after purchasing an additional 2,461 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of ON Semiconductor by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after purchasing an additional 2,658 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of ON Semiconductor by 4.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 69,489 shares of the semiconductor company’s stock worth $1,455,000 after purchasing an additional 2,858 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of ON Semiconductor by 12.5% in the 4th quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 2,869 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.

Shares of ON opened at $25.05 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08. ON Semiconductor has a twelve month low of $13.65 and a twelve month high of $27.10. The company has a market capitalization of $10,690.76, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.18 and a beta of 1.99.

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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.

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

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