Zacks: Analysts Anticipate ON Semiconductor Corp (ON) Will Post Quarterly Sales of $1.39 Billion

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Equities research analysts expect ON Semiconductor Corp (NASDAQ:ON) to announce $1.39 billion in sales for the current quarter, according to Zacks. 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 posted sales of $1.46 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 29th.

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

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS.

Several research firms recently issued reports on ON. Zacks Investment Research upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. ValuEngine upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Longbow Research downgraded ON Semiconductor from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Finally, B. Riley restated a “buy” rating and issued a $30.00 price target (up from $27.00) on shares of ON Semiconductor in a research note on Monday, March 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.11.

In other ON Semiconductor news, Director Emmanuel T. Hernandez sold 10,000 shares of ON Semiconductor stock in a transaction on Monday, February 11th. The stock was sold at an average price of $22.05, for a total value of $220,500.00. Following the completion of the transaction, the director now directly owns 139,655 shares of the company’s stock, valued at approximately $3,079,392.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 40,000 shares of company stock valued at $891,600 over the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in shares of ON Semiconductor by 69.2% during the 4th quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of ON Semiconductor during the 4th quarter worth $34,000. Enlightenment Research LLC acquired a new position in shares of ON Semiconductor during the 4th quarter worth $36,000. Private Capital Group LLC raised its holdings in shares of ON Semiconductor by 116.8% during the 1st quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock worth $43,000 after buying an additional 1,129 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of ON Semiconductor by 135.8% during the 1st quarter. Quadrant Capital Group LLC now owns 2,747 shares of the semiconductor company’s stock worth $53,000 after buying an additional 1,582 shares in the last quarter. 95.12% of the stock is owned by institutional investors.

ON traded up $0.59 during trading on Friday, hitting $23.52. The stock had a trading volume of 4,454,656 shares, compared to its average volume of 6,913,498. The company has a market capitalization of $9.51 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. ON Semiconductor has a one year low of $14.55 and a one year 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 1.32.

About ON Semiconductor

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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