Wall Street brokerages expect ON Semiconductor Corp (NASDAQ:ON) to announce sales of $1.36 billion for the current quarter, according to Zacks. Eight analysts have made estimates for ON Semiconductor’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.34 billion. ON Semiconductor reported sales of $1.44 billion during the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The business is scheduled to announce its next quarterly earnings results on Monday, May 7th.

On average, analysts expect that ON Semiconductor will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $5.55 billion to $5.72 billion. For the next financial year, analysts expect that the firm will post sales of $5.85 billion per share, with estimates ranging from $5.65 billion to $5.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for ON Semiconductor.

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ON Semiconductor (NASDAQ:ON) last posted its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share.

A number of analysts have weighed in on the stock. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Vetr raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 target price on the stock in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, March 6th. ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Mizuho lifted their price target on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.09.

In related news, VP Paul E. Rolls sold 16,899 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total value of $355,385.97. Following the transaction, the vice president now owns 305,807 shares in the company, valued at $6,431,121.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP George H. Cave sold 14,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $24.27, for a total transaction of $339,780.00. Following the completion of the transaction, the executive vice president now owns 278,649 shares in the company, valued at approximately $6,762,811.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,195 shares of company stock worth $2,675,075. 1.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its holdings in ON Semiconductor by 6.0% in the third quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after buying an additional 1,949,089 shares during the period. Capital International Investors lifted its holdings in ON Semiconductor by 1.9% in the third quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock valued at $444,440,000 after buying an additional 439,448 shares during the period. LSV Asset Management increased its stake in ON Semiconductor by 63.1% in the fourth 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. TCW Group Inc. increased its stake in ON Semiconductor by 22.8% in the third quarter. TCW Group Inc. now owns 5,057,099 shares of the semiconductor company’s stock valued at $93,405,000 after purchasing an additional 938,018 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in ON Semiconductor by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,088,564 shares of the semiconductor company’s stock valued at $85,613,000 after purchasing an additional 110,427 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Shares of ON Semiconductor (ON) opened at $26.59 on Monday. The firm has a market cap of $11,310.00, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 1.26 and a beta of 2.03. ON Semiconductor has a one year low of $13.65 and a one year high of $26.77. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08.

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About ON Semiconductor

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

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