ON Semiconductor (ON) Issues Earnings Results, Beats Estimates By $0.07 EPS

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ON Semiconductor (NASDAQ:ON) announced its quarterly earnings data on Sunday. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07, Briefing.com reports. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. ON Semiconductor had a net margin of 16.66% and a return on equity of 24.14%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share.

Shares of NASDAQ:ON traded up $0.85 during mid-day trading on Tuesday, reaching $16.76. 488,080 shares of the company’s stock were exchanged, compared to its average volume of 7,272,687. The firm has a market cap of $6.23 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.62 and a beta of 2.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 1.54. ON Semiconductor has a twelve month low of $14.55 and a twelve month high of $27.10.

ON has been the topic of a number of research analyst reports. BidaskClub lowered shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Nomura initiated coverage on shares of ON Semiconductor in a research report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 target price on the stock. Craig Hallum restated a “buy” rating and issued a $25.00 target price (down previously from $31.00) on shares of ON Semiconductor in a research report on Tuesday. Zacks Investment Research lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, KeyCorp initiated coverage on shares of ON Semiconductor in a research report on Tuesday, September 25th. They issued a “sector weight” rating and a $16.00 target price on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $24.91.

In other news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of ON Semiconductor stock in a transaction on Monday, August 13th. The shares were sold at an average price of $21.44, for a total transaction of $26,028.16. Following the transaction, the insider now owns 18,357 shares in the company, valued at $393,574.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Anthony Mascarenas sold 9,100 shares of ON Semiconductor stock in a transaction on Friday, September 28th. The stock was sold at an average price of $18.16, for a total transaction of $165,256.00. Following the transaction, the director now directly owns 57,104 shares of the company’s stock, valued at approximately $1,037,008.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,494 shares of company stock worth $768,883. 1.29% of the stock is owned by company insiders.

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 for ON Semiconductor (NASDAQ:ON)

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