Analyst Research Summary: ON Semiconductor Corporation (NASDAQ:ON)
ON Semiconductor Corporation (NASDAQ:ON) stock is presently standing at about $15.31 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 21 analysts covering the company is $18.00, which suggests the stock could still rise over 15 percent. The highest analyst price target is $20.00, which implies a rally of 69 percent. And a quick view of analyst notes show that 13 are rating the stock a buy while 5 rate ON a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.
Goldman analysts provided their view on ON Semiconductor Corporation (NASDAQ:ON) recently. The rating firm issued a Buy rating to this company in a research note released on Jan 04, 2017. Morgan Stanley analysts disclosed their opinion on ON Semiconductor Corporation (NASDAQ:ON) recently. The rating firm gave a Equal-Weight rating to this stock in a research note published on Sep 22, 2016. According to a research note disclosed on Aug 24, 2016, analysts at Longbow have upped their rating on these shares from Neutral to Buy.
ON Semiconductor Corporation (NASDAQ:ON) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Gen Cnsl, CC&EO, & Sec CAVE GEORGE H sold 7,000 company shares for 112000, in a transaction on 2017-02-22. Following the transaction, the EVP, Gen Cnsl, CC&EO, & Sec is left with a stake of 274,899 shares, currently valued at $4208704. Meanwhile, EVP & GM, ASG KLOSTERBOER ROBERT A. sold 30,000 shares worth $475500, through a transaction dated 2017-02-21. Following the completion of the transaction, the insider is left with a stake of 343,430 shares, amounting $5257913.3. ON Director MCCRANIE J DANIEL also sold 200,000 shares, at a stock price of $15.59. This transaction occurred on 2017-02-17 totals $3118000. After this transaction, the insider’s stake stands at 181,679 shares, with a market value of $2781505.
Executives hold 2.24 percent of the stock. Keith D. Jackson is one of the biggest insider owners in ON Semiconductor Corporation (NASDAQ:ON), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,822,875 shares which have current market value of around $43218216.25.Dr. William John Nelson,PhD is another major inside shareholder in the company. The insider owns 704,512 shares as of 0.17%, currently worth $10786078.72. Donald A. Colvin is ranked as third insider holder of the stock. This insider holds 677,743 shares with a market value around $10376245.33 as of recent close.
ON Semiconductor Corporation (NASDAQ:ON) Earnings Outlook
In ON Semiconductor Corporation (NASDAQ:ON)’s latest quarter, EPS moved to $0.29 from $0.24 in preceding quarter and revenues reached at $1,261.00M compared to $950.90M. Analysts had expected ON Semiconductor Corporation (NASDAQ:ON) to post net income of about $0.23 per share on $1,216.47M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.22 to $0.31. That is compared with the $0.17 in EPS it reported during the same period a year ago.