ON Semiconductor Corp (NASDAQ:ON) – Analysts at Jefferies Group boosted their Q3 2018 EPS estimates for shares of ON Semiconductor in a research report issued on Monday. Jefferies Group analyst M. Lipacis now forecasts that the semiconductor company will earn $0.49 per share for the quarter, up from their prior estimate of $0.45. Jefferies Group has a “Hold” rating and a $26.00 price target on the stock. Jefferies Group also issued estimates for ON Semiconductor’s FY2018 earnings at $1.78 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $1.96 EPS.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group lifted their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Summit Redstone cut ON Semiconductor to a “hold” rating in a research note on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research note on Monday, December 11th. B. Riley lifted their price objective on ON Semiconductor from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Citigroup set a $23.50 price objective on ON Semiconductor and gave the company a “buy” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.83.
ON Semiconductor (NASDAQ:ON) last released its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.10). ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ON Semiconductor during the fourth quarter worth approximately $101,000. BB&T Securities LLC acquired a new position in shares of ON Semiconductor in the third quarter valued at approximately $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ON Semiconductor in the third quarter valued at approximately $200,000. Ifrah Financial Services Inc. acquired a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $208,000. Finally, Prospera Financial Services Inc acquired a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $224,000. 99.86% of the stock is currently owned by institutional investors.
In related news, COO William A. Schromm sold 54,366 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the completion of the sale, the chief operating officer now owns 666,815 shares in the company, valued at $14,123,141.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William Hall sold 22,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,183 shares of company stock valued at $2,742,144. 1.40% of the stock is owned by company 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.
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