ON Semiconductor Corporation (NASDAQ:ON) registered a -3.13% decrease, still its new closing price is 91.10% up from the company’s 1 year high of 14.00.It posted -2.20% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 21 stock analysts following this company have an average price target at $14.76, with individual PT in the $12.00-$16.00 range. The shares moved at $13.32, implying that brokerage firms see shares gaining about 53.63% in twelve months time.
ON Semiconductor Corporation (ON) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.39% rise year to date. A EVP, Gen Cnsl, CC&EO, & Sec at ON Semiconductor Corporation (ON) offloaded shares in a transaction closed on Wednesday January 25, 2017. CAVE GEORGE H sold 5,000 shares in the company at $13.76 each and collected $68,001 in proceeds. CAVE GEORGE H now owns 291,160 shares in the company after this transaction. A EVP & COO in the company, Schromm William A., disclosed a transaction on Wednesday January 25, 2017 that ended up generating $259,001 from the sale of 18,547 shares at $14 per share.
ON Semiconductor Corporation (NASDAQ:ON) Upcoming Results on Tap
ON Semiconductor Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.28 in that period. Sales during the quarter are predicted to arrive at $1.2 billion.
Earnings surprise history: Last quarter, the company posted approximately $950.9 million in revenue and EPS of $0.24. The mean forecast was for $955.98 million and $0.24 a share, respectively. One quarter earlier, revenue for the stock was at $877.8 million, with earnings at $0.21/share.
ON Semiconductor Corporation (ON) Brokerage Update
ON Semiconductor Corporation (ON) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Goldman, according to news reported on Wednesday January 04, 2017.Another important research note was issued by Morgan Stanley on Thursday September 22, 2016.The firm upgraded ON to Equal-Weight from Underweight. Over the last six months and over the last three months, the shares of ON Semiconductor Corporation (ON), have changed 32.80% and 15.52%, respectively.