ON Semiconductor Corporation Company Profile (NASDAQ:ON)

ON Semiconductor Corporation trades on the NASDAQ under the ticker symbol "ON."

ON Semiconductor Corporation (NASDAQ:ON) released its quarterly earnings results on Monday, August, 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $877.80 million for the quarter, compared to analyst estimates of $854.55 million. ON Semiconductor Corporation had a return on equity of 22.68% and a net margin of 4.96%. The firm's revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. View ON Semiconductor Corporation's Earnings History.

ON Semiconductor Corporation is scheduled to release their next quarterly earnings announcement on Friday, August, 4th 2017. View Earnings Estimates for ON Semiconductor Corporation.

19 brokerages have issued twelve-month price objectives for ON Semiconductor Corporation's shares. Their forecasts range from $13.00 to $21.00. On average, they expect ON Semiconductor Corporation's share price to reach $16.58 in the next year. View Analyst Ratings for ON Semiconductor Corporation.

Here are some recent quotes from research analysts about ON Semiconductor Corporation stock:

• 1. According to Zacks Investment Research, "ON Semi's first-quarter 2017 results reflected improving end-markets, which are positive, in our view. The Fairchild acquisition has helped the company to grab a dominant position in the power semiconductor market with a planned focus on smartphone, automotive and industrial end markets. We note that automotive present significant growth prospects given strong demand for ADAS related applications. Moreover, the company’s plan to sell products (like power modules) from consumer end-market to industrial applications end-market will boost margins and revenues in the long term. Additionally, higher synergies from the Fairchild acquisition along with improving operating leverage will boost profitability. Notably, On Semi has outperformed the broader market on a year-to-date basis. However, leveraged balance sheet remains a concern." (5/10/2017)
• 2. Robert W. Baird analysts commented, "Management reiterated the company's focus into higher-growth end markets, namely automotive, industrial, and communications, raised Fairchild-related synergy targets, reiterated its focus on deleveraging, and introduced financial targets for 2020. Reiterating Outperform rating." (3/13/2017)
• 3. Mizuho analysts commented, "ON held its analyst day on Friday, laying out its vision to 2020E. ON remains focused on automotive, industrial, and communications markets, intending to grow these from 74% of revenue in 4Q16 to ~82% of 2020 expected revenue of ~ $5.6B. By 2020 ON expects ~$900M/yr of FCF, a ~40% GM, and EPS of ~$2.00 (the F17E consensus is $1.23) as it executes cost synergies, fab consolidations and product/mix re-positioning. We're reiterating our Buy, maintaining our estimates, and raising our PT to $18 from $17." (3/13/2017)
• 4. Needham & Company LLC analysts commented, "ON posted a significant beat and raise quarter with stronger than expected demand for both its organic business and the Fairchild business. ON is progressing well on GMs improvement as higher growth areas (Industrial, Automotive, Smartphones) have higher than corporate average GMs. With an improved pricing environment and faster than expected synergies from the FCS acquisition, we believe ON deserves a higher multiple and are increasing our PT to $20 ' based 14.8x P/E on our new 2018E. Importantly, in our bottom up analysis, due to ADAS, we estimate the sensor market will nearly triple' with camera based systems remaining the predominate system. Future high level autonomous cars will require 6-10 cameras with ASPs of $8 per camera. The company also has $32 worth of front headlight LED lighting in cars." (2/13/2017)
• 5. Morgan Stanley analysts commented, "We are Equal-weight ON as sizeable EPS accretion from the FCS deal (17 percent/32 percent in 2017/18) is balanced by high financial leverage and uneven execution track record with M&A," analyst Craig Hettenbach wrote in a note.Specifically, the brokerage cited ON's struggle with the integration of the $660 million SANYO deal. The deal "negatively impacted margins and led to downward EPS revisions."Additional M&As In The Sector?"We see better M&A plays at the momentum, including Analog Devices, Inc. (NASDAQ: ADI), Broadcom Ltd (NASDAQ: AVGO), Microchip Technology Inc. (NASDAQ: MCHP), and NXP Semiconductors NV (NASDAQ: NXPI)," (9/22/2016)

ON Semiconductor Corporation saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 17,773,233 shares, an increase of 15.8% from the April 28th total of 15,342,112 shares. Based on an average trading volume of 5,855,920 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.3% of the shares of the stock are short sold.

Some companies that are related to ON Semiconductor Corporation include Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), Coherent (COHR), Microsemi Corporation (MSCC), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cavium (CAVM), Cypress Semiconductor Corporation (CY), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Sanmina Corporation (SANM), Advanced Energy Industries (AEIS), Vishay Intertechnology (VSH) and Semtech Corporation (SMTC).

ON Semiconductor Corporation's management team includes the folowing people:

• Alan D. Campbell, Chairman of the Board
• Keith D. Jackson, President, Chief Executive Officer, Director
• Bernard Gutmann, Chief Financial Officer, Executive Vice President, Treasurer
• William A. Schromm, Chief Operating Officer, Executive Vice President
• George H. Cave III, Executive Vice President, Chief Compliance & Ethics Officer, Chief Risk Officer, Corporate Secretary
• William M. Hall, Executive Vice President, General Manager-Standard Products Group
• Robert A. Klosterboer, Executive Vice President, General Manager - Application Products Group
• Paul E. Rolls, Executive Vice President - Worldwide Sales and Marketing
• Bernard Raymond Colpitts Jr., Principal Accounting Officer; Chief Accounting Officer of Semiconductor Components Industries, LLC
• Taner Ozcelik, Senior Vice President, General Manager - Image Sensor Group

ON Semiconductor Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.93%), Janus Capital Management LLC (6.85%), FMR LLC (6.02%), Boston Partners (4.86%), Ameriprise Financial Inc. (3.52%) and Pzena Investment Management LLC (2.64%). Company insiders that own ON Semiconductor Corporation stock include Bernard Gutmann, Bernard Raymond Colpitts, Jr, Daryl Ostrander, George H Cave, Gilles Delfassy, J Daniel Mccranie, Keith D Jackson, Mamoon Rashid, Paul Anthony Mascarenas, Paul E Rolls, Robert A Klosterboer, Teresa Ressel, William A Schromm and William Hall. View Institutional Ownership Trends for ON Semiconductor Corporation.

ON Semiconductor Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Ameriprise Financial Inc., Alliancebernstein L.P., Frontier Capital Management Co. LLC, Metropolitan Life Insurance Co. NY, Teachers Advisors LLC, Westfield Capital Management Co. LP and Janus Capital Management LLC. Company insiders that have sold ON Semiconductor Corporation stock in the last year include Bernard Gutmann, Bernard Raymond Colpitts, Jr, Daryl Ostrander, George H Cave, Gilles Delfassy, Keith D Jackson, Mamoon Rashid, Paul E Rolls, Robert A Klosterboer, William A Schromm and William Hall. View Insider Buying and Selling for ON Semiconductor Corporation.

ON Semiconductor Corporation's stock was purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., Vanguard Group Inc., Boston Partners, Monarch Partners Asset Management LLC, Pictet Asset Management Ltd., Highbridge Capital Management LLC, Cornerstone Capital Management Holdings LLC. and Wellington Management Group LLP. Company insiders that have bought ON Semiconductor Corporation stock in the last two years include J Daniel Mccranie, Paul Anthony Mascarenas and Teresa Ressel. View Insider Buying and Selling for ON Semiconductor Corporation.

Shares of ON Semiconductor Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ON Semiconductor Corporation stock can currently be purchased for approximately $15.10.