ON Semiconductor (NASDAQ:ON) announced its earnings results on Sunday. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, MarketWatch Earnings reports. ON Semiconductor had a return on equity of 9.92% and a net margin of 3.87%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year.

ON Semiconductor stock traded down $0.83 during midday trading on Tuesday, reaching $36.74. The company’s stock had a trading volume of 519,999 shares, compared to its average volume of 7,090,835. ON Semiconductor has a fifty-two week low of $13.48 and a fifty-two week high of $44.59. The company has a quick ratio of 1.40, a current ratio of 2.11 and a debt-to-equity ratio of 1.03. The company has a market cap of $15.36 billion, a P/E ratio of 74.41, a P/E/G ratio of 5.67 and a beta of 1.99. The business has a 50-day simple moving average of $41.30 and a 200-day simple moving average of $35.14.

In other news, EVP Vince Craig Hopkin sold 1,000 shares of ON Semiconductor stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $39.26, for a total transaction of $39,260.00. Following the sale, the executive vice president now owns 133,924 shares in the company, valued at $5,257,856.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 29,261 shares of ON Semiconductor stock in a transaction dated Friday, April 9th. The stock was sold at an average price of $42.58, for a total value of $1,245,933.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,413 shares of company stock worth $4,464,308. 1.42% of the stock is owned by insiders.

A number of equities analysts have commented on the company. Summit Insights cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, February 16th. Craig Hallum increased their target price on ON Semiconductor from $38.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, February 2nd. Citigroup increased their target price on ON Semiconductor from $41.50 to $45.00 in a report on Tuesday. Piper Sandler upped their price target on ON Semiconductor from $35.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on ON Semiconductor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. ON Semiconductor currently has an average rating of “Buy” and an average price target of $39.40.

About ON Semiconductor

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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Earnings History for ON Semiconductor (NASDAQ:ON)

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