ON Semiconductor (ON) Scheduled to Post Quarterly Earnings on Monday

ON Semiconductor (NASDAQ:ONGet Rating) will announce its earnings results before the market opens on Monday, May 2nd. Analysts expect ON Semiconductor to post earnings of $1.05 per share for the quarter. ON Semiconductor has set its Q1 guidance at $0.98-1.10 EPS and its Q1 2022 guidance at $0.980-$1.100 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

ON Semiconductor (NASDAQ:ONGet Rating) last announced its quarterly earnings results on Monday, February 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.15. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. ON Semiconductor had a net margin of 14.98% and a return on equity of 31.73%. The business’s revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, analysts expect ON Semiconductor to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ON stock opened at $51.78 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $58.66 and its 200 day moving average price is $58.95. ON Semiconductor has a 52 week low of $34.01 and a 52 week high of $71.25. The company has a market cap of $22.49 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.61 and a beta of 1.71.

ON has been the subject of a number of research reports. StockNews.com started coverage on shares of ON Semiconductor in a research report on Thursday, March 31st. They set a “buy” rating for the company. Truist Financial reduced their price objective on ON Semiconductor from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday, April 8th. The Goldman Sachs Group upped their target price on ON Semiconductor from $62.00 to $70.00 and gave the company a “buy” rating in a report on Monday, January 3rd. Bank of America lifted their price target on ON Semiconductor from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Finally, Susquehanna Bancshares increased their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ON Semiconductor has an average rating of “Buy” and an average price target of $66.03.

In other news, EVP Simon Keeton sold 4,055 shares of the firm’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $55.07, for a total transaction of $223,308.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Anthony Mascarenas sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,055 shares of company stock valued at $3,162,479. 1.42% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in ON Semiconductor by 6.1% during the 4th quarter. Parametric Portfolio Associates LLC now owns 972,197 shares of the semiconductor company’s stock worth $66,032,000 after acquiring an additional 56,183 shares in the last quarter. Allstate Corp increased its holdings in ON Semiconductor by 273.4% in the fourth quarter. Allstate Corp now owns 36,761 shares of the semiconductor company’s stock valued at $2,497,000 after buying an additional 26,915 shares during the last quarter. California State Teachers Retirement System raised its stake in ON Semiconductor by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 753,454 shares of the semiconductor company’s stock valued at $51,175,000 after buying an additional 20,054 shares in the last quarter. NEXT Financial Group Inc lifted its stake in ON Semiconductor by 3,131.2% during the fourth quarter. NEXT Financial Group Inc now owns 12,634 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 12,243 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in ON Semiconductor in the fourth quarter worth $570,000. 93.12% of the stock is currently owned by institutional investors.

ON Semiconductor Company Profile (Get Rating)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

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Earnings History for ON Semiconductor (NASDAQ:ON)

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