Brokerages expect that ON Semiconductor Corporation (NASDAQ:ON) will post earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for ON Semiconductor’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.38. ON Semiconductor posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The firm is expected to issue its next earnings report on Monday, February 12th.

On average, analysts expect that ON Semiconductor will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.45. For the next year, analysts anticipate that the firm will post earnings of $1.66 per share, with EPS estimates ranging from $1.62 to $1.73. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover ON Semiconductor.

Several research firms recently commented on ON. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, September 12th. Mizuho reaffirmed a “buy” rating and set a $24.00 price objective (up from $19.00) on shares of ON Semiconductor in a research report on Monday, November 6th. Loop Capital increased their price objective on ON Semiconductor from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Jefferies Group reissued a “hold” rating and issued a $16.00 target price on shares of ON Semiconductor in a research report on Tuesday, September 12th. Finally, BidaskClub raised ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.39.

ON Semiconductor (NASDAQ:ON) traded up $0.36 during trading on Friday, hitting $19.90. The company had a trading volume of 5,127,422 shares, compared to its average volume of 5,692,991. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. ON Semiconductor has a 12 month low of $12.36 and a 12 month high of $22.15. The stock has a market capitalization of $8,288.13, a PE ratio of 17.93, a PEG ratio of 0.74 and a beta of 2.02.

In other news, Director Paul Anthony Mascarenas sold 9,375 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $18.30, for a total value of $171,562.50. Following the transaction, the director now owns 58,379 shares of the company’s stock, valued at $1,068,335.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP George H. Cave sold 19,385 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $18.00, for a total value of $348,930.00. Following the completion of the transaction, the executive vice president now directly owns 308,054 shares in the company, valued at approximately $5,544,972. The disclosure for this sale can be found here. Insiders sold 734,526 shares of company stock worth $14,597,833 over the last three months. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in ON Semiconductor by 4.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 817,294 shares of the semiconductor company’s stock valued at $15,095,000 after purchasing an additional 32,459 shares during the period. Optimum Investment Advisors raised its stake in ON Semiconductor by 12.5% during the 3rd quarter. Optimum Investment Advisors now owns 40,500 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 4,500 shares during the period. Public Employees Retirement System of Ohio raised its stake in ON Semiconductor by 10.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock valued at $3,644,000 after purchasing an additional 18,934 shares during the period. GSA Capital Partners LLP raised its stake in ON Semiconductor by 50.4% during the 3rd quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock valued at $721,000 after purchasing an additional 13,087 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in ON Semiconductor during the 3rd quarter valued at approximately $233,000. 99.82% of the stock is currently owned by institutional investors.

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ON Semiconductor 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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