ON Semiconductor Corp (NASDAQ:ON) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings estimates for ON Semiconductor in a report released on Monday. Jefferies Group analyst M. Lipacis now expects that the semiconductor company will earn $0.39 per share for the quarter, up from their prior forecast of $0.33. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for ON Semiconductor’s Q2 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.46 EPS.
A number of other equities research analysts also recently commented on ON. Credit Suisse Group raised their target price on ON Semiconductor from $17.00 to $20.00 and gave the company an “underperform” rating in a report on Tuesday. Vetr raised ON Semiconductor from a “buy” rating to a “strong-buy” rating and set a $26.75 target price for the company in a report on Monday. Mizuho raised their target price on ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird raised their target price on ON Semiconductor from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment 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 company. The company currently has an average rating of “Buy” and an average price target of $23.83.
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 the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. LSV Asset Management lifted its stake in shares of ON Semiconductor by 63.1% in the 4th quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock valued at $151,934,000 after purchasing an additional 2,806,816 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of ON Semiconductor by 132.3% in the 4th quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock valued at $84,695,000 after purchasing an additional 2,303,338 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of ON Semiconductor by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after purchasing an additional 1,949,089 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of ON Semiconductor by 4,748.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,658,100 shares of the semiconductor company’s stock valued at $30,625,000 after purchasing an additional 1,623,900 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of ON Semiconductor by 16.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock valued at $158,416,000 after purchasing an additional 1,234,603 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.
In other ON Semiconductor news, COO William A. Schromm sold 54,366 shares of ON Semiconductor stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total value 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 approximately $14,123,141.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Hall sold 22,583 shares of ON Semiconductor stock in a transaction dated Tuesday, January 16th. The shares were 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 quarter, insiders have sold 126,183 shares of company stock valued at $2,742,144. 1.60% of the stock is currently 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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