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.
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.
Recommended Story: What is a stock buyback?
Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.