Equities analysts expect that ON Semiconductor Corporation (NASDAQ:ON) will announce sales of $1.37 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for ON Semiconductor Corporation’s earnings, with the lowest sales estimate coming in at $1.37 billion and the highest estimate coming in at $1.38 billion. ON Semiconductor Corporation posted sales of $950.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 44.1%. The business is scheduled to issue its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that ON Semiconductor Corporation will report full-year sales of $1.37 billion for the current fiscal year, with estimates ranging from $5.31 billion to $5.49 billion. For the next financial year, analysts forecast that the firm will post sales of $5.47 billion per share, with estimates ranging from $5.41 billion to $5.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow ON Semiconductor Corporation.

ON has been the subject of several recent research reports. BidaskClub lowered ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 7th. Bank of America Corporation reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a research report on Sunday. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. Finally, Morgan Stanley increased their price target on shares of ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. ON Semiconductor Corporation presently has a consensus rating of “Buy” and a consensus target price of $18.28.

Shares of ON Semiconductor Corporation (ON) traded up 0.185% during mid-day trading on Wednesday, reaching $18.945. 2,542,702 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $17.04 and a 200 day moving average of $15.58. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $19.33. The firm has a market capitalization of $7.99 billion, a P/E ratio of 27.901 and a beta of 2.01.

In other ON Semiconductor Corporation news, Director Paul Anthony Mascarenas sold 9,375 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $18.30, for a total transaction of $171,562.50. Following the completion of the sale, the director now directly owns 58,379 shares in the company, valued at approximately $1,068,335.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. Following the sale, the insider now owns 24,591 shares of the company’s stock, valued at $401,079.21. The disclosure for this sale can be found here. Insiders have sold a total of 55,308 shares of company stock worth $970,767 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of ON Semiconductor Corporation in the second quarter worth $458,495,000. FMR LLC increased its position in ON Semiconductor Corporation by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock valued at $562,753,000 after acquiring an additional 14,818,360 shares during the last quarter. Coatue Management LLC purchased a new stake in ON Semiconductor Corporation during the second quarter valued at $68,740,000. LSV Asset Management lifted its holdings in ON Semiconductor Corporation by 2,285.0% in the second quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock valued at $38,775,000 after acquiring an additional 2,646,000 shares during the period. Finally, Rothschild Asset Management Inc. bought a new position in ON Semiconductor Corporation in the second quarter valued at about $34,313,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

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About ON Semiconductor Corporation

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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