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 data on Monday, August, 8th. The company reported $0.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.02. The firm had revenue of $877.80 million for the quarter, compared to analyst estimates of $854.55 million. ON Semiconductor Corporation had a net margin of 5.88% and a return on equity of 22.74%. The business's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 Monday, November, 6th 2017. View Earnings Estimates for ON Semiconductor Corporation.

17 equities research analysts have issued 12 month price objectives for ON Semiconductor Corporation's stock. Their predictions range from $14.50 to $25.00. On average, they anticipate ON Semiconductor Corporation's stock price to reach $18.09 in the next twelve months. View Analyst Ratings for ON Semiconductor Corporation.

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

• 1. Needham & Company LLC analysts commented, "Last Friday, we hosted a series of investor meetings in Boston with Bernard Gutmann, CFO and Parag Agarwal, IR. Rarely do we find a situation in semis where a company is firing on all cylinders: 1) substantial earnings growth (50%+ through‘20) based on a highly complementary acquisition (FCS) which initially was viewed skeptically; 2) a gross margin expansion story where margins have a clear path to expand 300bps over the next two years; 3) a company that is well positioned to capitalize on three of the biggest trends in technology – the proliferation of ADAS/ AV vehicles, the electrification of vehicles as well as buildings, and the trend towards automation and robotics and lastly 4) undervalued, trading at 50-60% discount to its peers on ’18 earnings (10.6x P/E) and 40-50% discount on EV/EBITDA (8.3x)." (9/11/2017)
• 2. According to Zacks Investment Research, "ON Semi's 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. Additionally, higher synergies from the Fairchild acquisition along with improving operating leverage will boost profitability. 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. Meanwhile, estimates have been stable lately ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, On Semi has underperformed the broader market on a year-to-date basis, primarily due to modest results. Moreover, leveraged balance sheet remains a concern." (7/11/2017)
• 3. 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)
• 4. 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)

ON Semiconductor Corporation saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 21,278,335 shares, an increase of 10.5% from the July 31st total of 19,260,581 shares. Based on an average daily volume of 7,834,405 shares, the days-to-cover ratio is currently 2.7 days. Approximately 5.2% of the company's shares are short sold.

Some companies that are related to ON Semiconductor Corporation include Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI) and Silicon Laboratories (SLAB).

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 variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (9.53%), Vanguard Group Inc. (8.30%), Janus Henderson Group PLC (7.75%), Capital International Investors (5.60%), Boston Partners (4.70%) and Ameriprise Financial Inc. (2.90%). Company insiders that own ON Semiconductor Corporation stock include Bernard Gutmann, Bernard Raymond Colpitts Jr, 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 Ameriprise Financial Inc., Pzena Investment Management LLC, Westfield Capital Management Co. LP, Frontier Capital Management Co. LLC, Alliancebernstein L.P., Dimensional Fund Advisors LP, Boston Partners and Monarch Partners Asset Management LLC. Company insiders that have sold ON Semiconductor Corporation stock in the last year include Bernard Gutmann, Bernard Raymond Colpitts Jr, 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 Janus Henderson Group PLC, FMR LLC, Coatue Management LLC, LSV Asset Management, Rothschild Asset Management Inc., AJO LP, Simcoe Capital Management LLC and Vanguard Group Inc.. 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 $17.64.