ON Semiconductor Corp (NASDAQ:ON) – Investment analysts at B. Riley boosted their FY2018 earnings per share (EPS) estimates for shares of ON Semiconductor in a research note issued on Monday, October 29th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $1.91 per share for the year, up from their previous estimate of $1.90. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for ON Semiconductor’s Q4 2018 earnings at $0.48 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $1.88 EPS, Q1 2020 earnings at $0.47 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.61 EPS and FY2020 earnings at $2.18 EPS.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Sunday, October 28th. The semiconductor company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. ON Semiconductor had a return on equity of 26.53% and a net margin of 17.24%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share.
Shares of ON stock opened at $16.87 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 0.91. The stock has a market capitalization of $6.23 billion, a P/E ratio of 11.55, a PEG ratio of 0.67 and a beta of 2.00. ON Semiconductor has a 12 month low of $14.55 and a 12 month high of $27.10.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new stake in ON Semiconductor in the 2nd quarter valued at approximately $216,682,000. LSV Asset Management lifted its stake in ON Semiconductor by 1.3% in the 2nd quarter. LSV Asset Management now owns 8,193,533 shares of the semiconductor company’s stock valued at $182,183,000 after acquiring an additional 108,305 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in ON Semiconductor by 4.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,142,415 shares of the semiconductor company’s stock valued at $94,774,000 after acquiring an additional 227,680 shares in the last quarter. TCW Group Inc. lifted its stake in ON Semiconductor by 2.9% in the 2nd quarter. TCW Group Inc. now owns 5,109,154 shares of the semiconductor company’s stock valued at $113,602,000 after acquiring an additional 142,020 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. bought a new stake in ON Semiconductor in the 2nd quarter valued at approximately $84,493,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.
In related news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $21.44, for a total value of $26,028.16. Following the completion of the transaction, the insider now directly owns 18,357 shares in the company, valued at approximately $393,574.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Anthony Mascarenas sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $18.16, for a total value of $165,256.00. Following the completion of the sale, the director now owns 57,104 shares in the company, valued at approximately $1,037,008.64. The disclosure for this sale can be found here. Insiders sold a total of 39,494 shares of company stock valued at $768,883 over the last quarter. 1.29% of the stock is owned by insiders.
ON Semiconductor Company Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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