ON Semiconductor (ON) Set to Announce Quarterly Earnings on Monday

ON Semiconductor (NASDAQ:ON) is scheduled to issue its quarterly earnings data before the market opens on Monday, February 5th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. On average, analysts expect ON Semiconductor to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ON Semiconductor (NASDAQ:ON) opened at $25.14 on Monday. ON Semiconductor has a 52 week low of $13.06 and a 52 week high of $25.60. The firm has a market capitalization of $11,250.00, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 0.78 and a beta of 2.02. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

Several research analysts recently weighed in on the company. Zacks Investment Research raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research report on Tuesday, October 17th. Citigroup set a $23.50 target price on ON Semiconductor and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Mizuho reaffirmed a “buy” rating and issued a $24.00 target price (up from $19.00) on shares of ON Semiconductor in a research report on Monday, November 6th. Finally, Craig Hallum increased their target price on ON Semiconductor from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $22.33.

In other ON Semiconductor news, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total value of $26,701.80. Following the transaction, the director now directly owns 64,060 shares of the company’s stock, valued at $1,223,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total value of $355,385.97. Following the completion of the transaction, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The disclosure for this sale can be found here. Insiders sold 180,549 shares of company stock worth $3,928,954 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

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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.

Earnings History for ON Semiconductor (NASDAQ:ON)

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