ParkerVision (NASDAQ: PRKR) and ON Semiconductor (NASDAQ:ON) are both technology companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, profitability, dividends, institutional ownership, valuation, analyst recommendations and earnings.

Profitability

This table compares ParkerVision and ON Semiconductor’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ParkerVision N/A N/A -157.85%
ON Semiconductor 7.22% 22.97% 6.91%

Earnings & Valuation

This table compares ParkerVision and ON Semiconductor’s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ParkerVision $4.06 million 5.19 -$21.50 million ($1.21) -0.88
ON Semiconductor $3.91 billion 2.49 $182.10 million $0.92 24.91

ON Semiconductor has higher revenue and earnings than ParkerVision. ParkerVision is trading at a lower price-to-earnings ratio than ON Semiconductor, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership

10.8% of ParkerVision shares are owned by institutional investors. Comparatively, 99.5% of ON Semiconductor shares are owned by institutional investors. 7.3% of ParkerVision shares are owned by company insiders. Comparatively, 1.4% of ON Semiconductor shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for ParkerVision and ON Semiconductor, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ParkerVision 0 0 1 0 3.00
ON Semiconductor 1 7 11 0 2.53

ParkerVision presently has a consensus target price of $12.00, suggesting a potential upside of 1,021.50%. ON Semiconductor has a consensus target price of $21.97, suggesting a potential downside of 4.14%. Given ParkerVision’s stronger consensus rating and higher probable upside, equities research analysts clearly believe ParkerVision is more favorable than ON Semiconductor.

Volatility & Risk

ParkerVision has a beta of 2.02, indicating that its share price is 102% more volatile than the S&P 500. Comparatively, ON Semiconductor has a beta of 2.02, indicating that its share price is 102% more volatile than the S&P 500.

Summary

ON Semiconductor beats ParkerVision on 9 of the 13 factors compared between the two stocks.

About ParkerVision

ParkerVision, Inc. is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices. Its products are used in wireless communication products and applications. In addition, it offers engineering design and consulting services to third parties to assist them in developing and testing products. Its technologies represent methods for processing RF waveforms in wireless applications. Its technologies apply to both transmit and receive functions of transmitters, receivers and transceivers. A portion of its transmit technology is marketed as Direct2Power (d2p) and its receiver technology is marketed as Direct2Data (d2d).

About ON Semiconductor

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. The Analog Solutions Group designs and develops analog, mixed-signal and logic application specific integrated circuits (ASICs) and application specific standard products (ASSPs), and power solutions. The Image Sensor Group designs and develops complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) image sensors, as well as proximity sensors, image signal processors, and actuator drivers for autofocus and image stabilization for various end users in the automotive, industrial, consumer, wireless, medical, and aerospace/defense markets.

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