Analysts expect ON Semiconductor (NASDAQ:ON) to post earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for ON Semiconductor’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. ON Semiconductor reported earnings of $0.26 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 73.1%. The firm is scheduled to issue its next earnings report on Monday, August 6th.

According to Zacks, analysts expect that ON Semiconductor will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.70 to $1.81. For the next year, analysts anticipate that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for ON Semiconductor.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Sunday, April 29th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. ON Semiconductor had a net margin of 15.90% and a return on equity of 23.00%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

Several research analysts have recently issued reports on ON shares. BidaskClub downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Vetr raised shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating and set a $26.75 price objective for the company in a report on Monday, January 29th. ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Mizuho boosted their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, B. Riley boosted their price objective on shares of ON Semiconductor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.71.

Shares of NASDAQ ON traded up $0.83 during midday trading on Friday, hitting $25.85. The stock had a trading volume of 11,411,532 shares, compared to its average volume of 7,132,467. The company has a market cap of $10.33 billion, a PE ratio of 17.71, a P/E/G ratio of 1.08 and a beta of 2.03. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $27.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 1.53.

In other ON Semiconductor news, EVP George H. Cave sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $24.38, for a total transaction of $487,600.00. Following the completion of the sale, the executive vice president now directly owns 260,357 shares of the company’s stock, valued at $6,347,503.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 5,838 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $26.09, for a total transaction of $152,313.42. Following the sale, the insider now directly owns 17,803 shares of the company’s stock, valued at $464,480.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 339,616 shares of company stock valued at $8,499,078. 1.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of ON Semiconductor in the fourth quarter worth approximately $101,000. Point72 Asia Hong Kong Ltd boosted its position in shares of ON Semiconductor by 9,749.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 4,777 shares during the period. Focused Wealth Management Inc bought a new position in shares of ON Semiconductor in the first quarter worth approximately $181,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of ON Semiconductor in the fourth quarter worth approximately $174,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of ON Semiconductor in the first quarter worth approximately $204,000. 91.50% of the stock is owned by institutional investors and hedge funds.

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

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