Equities analysts expect that ON Semiconductor Corp (NASDAQ:ON) will post $1.39 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for ON Semiconductor’s earnings. The lowest sales estimate is $1.38 billion and the highest is $1.39 billion. ON Semiconductor reported sales of $1.46 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that ON Semiconductor will report full-year sales of $5.67 billion for the current year, with estimates ranging from $5.54 billion to $5.77 billion. For the next year, analysts forecast that the firm will post sales of $5.95 billion, with estimates ranging from $5.61 billion to $6.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow ON Semiconductor.

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

A number of analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of ON Semiconductor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $26.00 in a report on Wednesday, March 27th. B. Riley restated a “buy” rating and set a $30.00 target price (up from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price on shares of ON Semiconductor in a report on Monday, March 11th. Robert W. Baird restated a “buy” rating on shares of ON Semiconductor in a report on Monday, February 4th. Finally, BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.11.

In related news, EVP George H. Cave sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.84, for a total value of $342,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was 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 sold a total of 38,069 shares of company stock valued at $864,410 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Scout Investments Inc. lifted its position in ON Semiconductor by 91.6% in the 1st quarter. Scout Investments Inc. now owns 774,019 shares of the semiconductor company’s stock worth $15,922,000 after buying an additional 369,948 shares in the last quarter. Vanguard Group Inc lifted its position in ON Semiconductor by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock worth $794,204,000 after buying an additional 411,056 shares in the last quarter. CFO4Life Group LLC lifted its position in ON Semiconductor by 8.6% in the 4th quarter. CFO4Life Group LLC now owns 29,183 shares of the semiconductor company’s stock worth $482,000 after buying an additional 2,316 shares in the last quarter. Caption Management LLC purchased a new stake in ON Semiconductor in the 4th quarter worth approximately $1,320,000. Finally, AlphaMark Advisors LLC lifted its position in ON Semiconductor by 40.0% in the 4th quarter. AlphaMark Advisors LLC now owns 261,542 shares of the semiconductor company’s stock worth $4,318,000 after buying an additional 74,706 shares in the last quarter.

Shares of NASDAQ ON traded down $0.22 during mid-day trading on Friday, reaching $17.68. 5,279,395 shares of the company traded hands, compared to its average volume of 7,110,289. ON Semiconductor has a fifty-two week low of $14.55 and a fifty-two 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. The firm has a market capitalization of $7.29 billion, a PE ratio of 9.02, a P/E/G ratio of 1.46 and a beta of 2.05.

ON Semiconductor Company Profile

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

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