Analysts Expect ON Semiconductor (ON) to Post $0.45 Earnings Per Share

Analysts expect that ON Semiconductor (NASDAQ:ON) will post $0.45 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have provided estimates for ON Semiconductor’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. ON Semiconductor posted earnings of $0.26 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 73.1%. The business is expected to issue its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that ON Semiconductor will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.81. For the next fiscal year, analysts forecast that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow ON Semiconductor.

ON Semiconductor (NASDAQ:ON) last posted its quarterly 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. ON Semiconductor had a return on equity of 23.00% and a net margin of 15.90%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company earned $0.18 EPS. ON Semiconductor’s revenue for the quarter was up 7.5% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on ON shares. ValuEngine upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, March 6th. Mizuho lifted their price objective on ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Citigroup lifted their price objective on ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Credit Suisse Group lifted their price objective on ON Semiconductor from $17.00 to $20.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. 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 stock. ON Semiconductor currently has an average rating of “Buy” and an average target price of $24.71.

ON Semiconductor traded down $0.25, hitting $23.93, on Friday, according to Marketbeat.com. 199,916 shares of the company were exchanged, compared to its average volume of 5,968,909. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.07 and a beta of 2.03. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 0.93.

In other ON Semiconductor news, EVP William Hall sold 3,000 shares of ON Semiconductor stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $22.14, for a total transaction of $66,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard Raymond Colpitts, Jr. sold 5,838 shares of ON Semiconductor stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $26.09, for a total value of $152,313.42. Following the transaction, the insider now owns 17,803 shares of the company’s stock, valued at approximately $464,480.27. The disclosure for this sale can be found here. Insiders have sold 256,866 shares of company stock worth $6,514,566 over the last 90 days. 1.29% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in ON Semiconductor during the fourth quarter valued at $101,000. Point72 Asia Hong Kong Ltd raised its stake in ON Semiconductor by 9,749.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 4,777 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in ON Semiconductor during the fourth quarter valued at $174,000. Focused Wealth Management Inc purchased a new position in ON Semiconductor during the first quarter valued at $181,000. Finally, Premia Global Advisors LLC purchased a new position in ON Semiconductor during the fourth quarter valued at $200,000. Institutional investors and hedge funds own 91.50% of the company’s stock.

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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