Wall Street analysts predict that ON Semiconductor Corporation (NASDAQ:ON) will post $1.37 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for ON Semiconductor Corporation’s earnings. The highest sales estimate is $1.38 billion and the lowest is $1.37 billion. ON Semiconductor Corporation reported sales of $950.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 44.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, November 6th.

On average, analysts expect that ON Semiconductor Corporation will report full year sales of $1.37 billion for the current financial year, with estimates ranging from $5.31 billion to $5.55 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.49 billion per share, with estimates ranging from $5.41 billion to $5.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow ON Semiconductor Corporation.

Several research firms have commented on ON. B. Riley restated a “buy” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Robert W. Baird restated 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, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor Corporation in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.24.

Shares of ON Semiconductor Corporation (NASDAQ ON) traded up 0.174% on Monday, reaching $20.105. The company had a trading volume of 2,906,670 shares. The company’s 50 day moving average price is $18.22 and its 200-day moving average price is $15.97. ON Semiconductor Corporation has a 1-year low of $10.74 and a 1-year high of $20.27. The stock has a market capitalization of $8.48 billion, a P/E ratio of 29.610 and a beta of 2.01.

In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total value of $40,611.90. Following the completion of the transaction, the insider now owns 24,591 shares in the company, valued at $401,079.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul E. Rolls sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the transaction, the vice president now owns 368,029 shares of the company’s stock, valued at approximately $6,256,493. The disclosure for this sale can be found here. Insiders sold 606,682 shares of company stock valued at $11,751,665 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in ON Semiconductor Corporation by 93.2% in the second quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock valued at $25,847,000 after acquiring an additional 888,022 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of ON Semiconductor Corporation by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 783,224 shares of the semiconductor company’s stock valued at $10,996,000 after buying an additional 10,400 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of ON Semiconductor Corporation by 234.5% in the first quarter. Wellington Management Group LLP now owns 688,092 shares of the semiconductor company’s stock valued at $10,659,000 after buying an additional 482,387 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of ON Semiconductor Corporation in the second quarter valued at about $5,226,000. Finally, Prudential Financial Inc. raised its holdings in shares of ON Semiconductor Corporation by 898.9% in the first quarter. Prudential Financial Inc. now owns 245,474 shares of the semiconductor company’s stock valued at $3,802,000 after buying an additional 220,900 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

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ON Semiconductor Corporation Company Profile

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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