ON Semiconductor Corp (NASDAQ:ON) – Research analysts at KeyCorp reduced their Q3 2019 EPS estimates for shares of ON Semiconductor in a research note issued to investors on Monday, April 29th, Zacks Investment Research reports. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will earn $0.46 per share for the quarter, down from their previous estimate of $0.49. KeyCorp also issued estimates for ON Semiconductor’s FY2019 earnings at $1.84 EPS, Q1 2020 earnings at $0.47 EPS, Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $1.99 EPS.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year.
A number of other equities research analysts also recently commented on ON. Zacks Investment Research upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. ValuEngine downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. BidaskClub downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Longbow Research downgraded shares of ON Semiconductor from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Finally, B. Riley reissued a “buy” rating and set a $30.00 target price (up from $27.00) on shares of ON Semiconductor in a research note on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. ON Semiconductor currently has an average rating of “Hold” and a consensus target price of $25.11.
Shares of NASDAQ:ON opened at $21.15 on Wednesday. ON Semiconductor has a one year low of $14.55 and a one year high of $26.38. The firm has a market cap of $8.97 billion, a PE ratio of 10.79, a P/E/G ratio of 1.83 and a beta of 2.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.31 and a quick ratio of 1.38.
In related news, Director Emmanuel T. Hernandez sold 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $22.52, for a total value of $225,200.00. Following the completion of the sale, the director now owns 129,655 shares in the company, valued at $2,919,830.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.04, for a total transaction of $70,709.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,069 shares of company stock valued at $1,084,910. 1.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in ON Semiconductor by 1.0% during the third quarter. Vanguard Group Inc. now owns 43,093,027 shares of the semiconductor company’s stock worth $794,204,000 after purchasing an additional 411,056 shares during the period. Vanguard Group Inc lifted its stake in ON Semiconductor by 1.0% during the third quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock worth $794,204,000 after purchasing an additional 411,056 shares during the period. Janus Henderson Group PLC lifted its stake in ON Semiconductor by 1.2% during the first quarter. Janus Henderson Group PLC now owns 30,904,180 shares of the semiconductor company’s stock worth $635,699,000 after purchasing an additional 370,033 shares during the period. LSV Asset Management increased its holdings in shares of ON Semiconductor by 9.9% during the first quarter. LSV Asset Management now owns 9,491,021 shares of the semiconductor company’s stock worth $195,230,000 after buying an additional 854,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ON Semiconductor by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,780,073 shares of the semiconductor company’s stock worth $128,449,000 after buying an additional 881,265 shares in the last quarter. Hedge funds and other institutional investors own 94.66% of the company’s stock.
About ON Semiconductor
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.