Wall Street analysts expect ON Semiconductor Corp (NASDAQ:ON) to post earnings of $0.37 per share for the current quarter, according to Zacks. Eight analysts have made estimates for ON Semiconductor’s earnings, with estimates ranging from $0.34 to $0.43. ON Semiconductor posted earnings per share of $0.57 in the same quarter last year, which suggests a negative year-over-year growth rate of 35.1%. The firm is scheduled to report its next quarterly earnings results on Monday, October 28th.

According to Zacks, analysts expect that ON Semiconductor will report full year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.49 to $1.84. For the next financial year, analysts expect that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.50 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover ON Semiconductor.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. ON Semiconductor’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS.

Several analysts have weighed in on the stock. Mizuho reissued a “buy” rating and set a $26.00 target price on shares of ON Semiconductor in a research report on Monday, August 5th. Loop Capital decreased their price objective on shares of ON Semiconductor to $23.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Citigroup decreased their price objective on shares of ON Semiconductor from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. ValuEngine upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, BNP Paribas began coverage on shares of ON Semiconductor in a research note on Friday, August 30th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor has a consensus rating of “Buy” and an average target price of $24.10.

NASDAQ:ON traded up $0.18 during trading hours on Friday, hitting $20.03. 4,893,655 shares of the company were exchanged, compared to its average volume of 6,581,987. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.78 and a beta of 2.19. ON Semiconductor has a 52-week low of $14.55 and a 52-week high of $23.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.42 and a quick ratio of 1.41. The company’s 50 day moving average price is $18.70 and its 200-day moving average price is $20.28.

In related news, VP Paul E. Rolls sold 11,467 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total value of $252,274.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the transaction, the director now owns 100,994 shares of the company’s stock, valued at $2,221,868. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ON. Oakworth Capital Inc. acquired a new position in shares of ON Semiconductor in the 2nd quarter valued at $28,000. Front Row Advisors LLC raised its position in ON Semiconductor by 2,244.3% during the first quarter. Front Row Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 1,369 shares during the period. Berman Capital Advisors LLC raised its position in ON Semiconductor by 79.8% during the first quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 683 shares during the period. Quadrant Capital Group LLC raised its position in ON Semiconductor by 135.8% during the first quarter. Quadrant Capital Group LLC now owns 2,747 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 1,582 shares during the period. Finally, FinTrust Capital Advisors LLC raised its position in ON Semiconductor by 87.4% during the first quarter. FinTrust Capital Advisors LLC now owns 2,608 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 1,216 shares during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.

ON Semiconductor Company Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Earnings History and Estimates for ON Semiconductor (NASDAQ:ON)

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