ON Semiconductor (NASDAQ:ON) Announces Earnings Results

ON Semiconductor (NASDAQ:ON) announced its quarterly earnings results on Monday. The semiconductor company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42, Briefing.com reports. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. ON Semiconductor updated its Q3 2019 guidance to EPS.

Shares of ON Semiconductor stock traded down $0.42 on Tuesday, hitting $17.44. The stock had a trading volume of 5,069,551 shares, compared to its average volume of 4,808,474. ON Semiconductor has a twelve month low of $14.55 and a twelve month high of $23.54. The company has a 50 day moving average price of $20.30. The company has a current ratio of 2.31, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $8.24 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.73 and a beta of 2.16.

In related news, Director Gilles Delfassy sold 3,731 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $18.96, for a total value of $70,739.76. Following the completion of the sale, the director now directly owns 49,208 shares in the company, valued at $932,983.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total value of $660,000.00. Following the completion of the sale, the director now owns 100,994 shares of the company’s stock, valued at $2,221,868. The disclosure for this sale can be found here. Insiders sold 48,198 shares of company stock worth $1,042,444 in the last ninety days. 1.40% of the stock is owned by company insiders.

A number of equities analysts have weighed in on ON shares. Loop Capital lowered their price target on ON Semiconductor to $23.00 and set a “buy” rating on the stock in a research report on Tuesday. ValuEngine downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday. Longbow Research downgraded ON Semiconductor from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. BidaskClub raised ON Semiconductor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and issued a $21.00 target price (down previously from $25.00) on shares of ON Semiconductor in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. ON Semiconductor has a consensus rating of “Hold” and an average target price of $24.83.

ON Semiconductor Company Profile

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.

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Earnings History for ON Semiconductor (NASDAQ:ON)

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