ON Semiconductor (NASDAQ:ON) released its earnings results on Sunday. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, MarketWatch Earnings reports. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. ON Semiconductor had a return on equity of 9.92% and a net margin of 3.87%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS.
Shares of ON stock traded down $0.32 on Tuesday, hitting $37.25. The company had a trading volume of 11,129,722 shares, compared to its average volume of 7,138,969. The firm has a market cap of $15.57 billion, a P/E ratio of 75.41, a P/E/G ratio of 5.67 and a beta of 1.99. The stock’s 50-day moving average is $41.30 and its two-hundred day moving average is $35.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.40 and a current ratio of 2.11. ON Semiconductor has a twelve month low of $13.48 and a twelve month high of $44.59.
A number of analysts have recently weighed in on ON shares. Susquehanna upped their target price on ON Semiconductor from $45.00 to $46.00 and gave the company a “positive” rating in a research report on Tuesday. Summit Insights downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 16th. BMO Capital Markets upped their target price on ON Semiconductor from $25.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, February 1st. They noted that the move was a valuation call. KeyCorp upped their target price on ON Semiconductor from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, February 2nd. Finally, Citigroup boosted their price target on ON Semiconductor from $41.50 to $45.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.61.
In other news, EVP Vince Craig Hopkin sold 1,000 shares of the stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $39.26, for a total value of $39,260.00. Following the completion of the sale, the executive vice president now owns 133,924 shares of the company’s stock, valued at $5,257,856.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Emmanuel T. Hernandez sold 74,165 shares of the company’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $37.73, for a total value of $2,798,245.45. Following the sale, the director now owns 103,461 shares in the company, valued at approximately $3,903,583.53. The disclosure for this sale can be found here. In the last three months, insiders sold 113,413 shares of company stock valued at $4,464,308. Insiders own 1.42% of the company’s stock.
ON Semiconductor Company Profile
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.
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