ON Semiconductor Corp (ON) Releases Earnings Results, Misses Expectations By $-0.03 EPS

ON Semiconductor Corp (ON) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.24. The company posted revenue of $877.80 million in the period, compared to analysts expectations of $892.13 million. The company’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 EPS.

Many Wall Street Analysts have commented on ON Semiconductor Corp. ON Semiconductor Corp was Upgraded by Pacific Crest to ” Overweight” on Jun 13, 2016. Credit Agricole Initiated ON Semiconductor Corp on May 25, 2016 to “Outperform”, Price Target of the shares are set at $11.

ON Semiconductor Corp opened for trading at $9.87 and hit $10.05 on the upside on Friday, eventually ending the session at $9.99, with a gain of 2.15% or 0.21 points. The heightened volatility saw the trading volume jump to 43,89,454 shares. Company has a market cap of $4,144 M.

In a different news, on Mar 24, 2016, Bernard Gutmann (Exec VP & CFO) sold 30,000 shares at $9.44 per share price. According to the SEC, on Mar 4, 2016, Paul E Rolls (Exec VP Sales & Marketing) sold 40,782 shares at $8.89 per share price. On Mar 4, 2016, Daryl Ostrander (director) sold 5,700 shares at $9.05 per share price, according to the Form-4 filing with the securities and exchange commission.

ON Semiconductor Corporation offers a portfolio of analog digital and mixed signal ICs image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive consumer electronics computing industrial communications medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive industrial consumer electronics wireless medical and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs DSPs analog and digital tuners intelligent power modules memory and discrete semiconductors.

ON Semiconductor Corp

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