Positive News Coverage Somewhat Unlikely to Affect ON Semiconductor (NASDAQ:ON) Stock Price

Press coverage about ON Semiconductor (NASDAQ:ON) has trended positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ON Semiconductor earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.5219139207864 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern’s rankings:

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A number of research firms have issued reports on ON. Zacks Investment Research lowered ON Semiconductor from a “buy” rating to a “hold” rating in a report on Monday, April 9th. ValuEngine raised ON Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. BidaskClub raised ON Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. MKM Partners lifted their price objective on ON Semiconductor to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Jefferies Group reissued a “hold” rating and set a $26.00 price objective on shares of ON Semiconductor in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. ON Semiconductor currently has an average rating of “Buy” and an average target price of $24.09.



ON traded up $0.69 during trading on Tuesday, hitting $25.74. The company’s stock had a trading volume of 5,077,651 shares, compared to its average volume of 7,320,921. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10. The company has a market cap of $10,690.76, a price-to-earnings ratio of 17.52, a PEG ratio of 1.18 and a beta of 1.99.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. research analysts predict that ON Semiconductor will post 1.73 EPS for the current fiscal year.

In other news, Director Atsushi Abe sold 20,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $22.53, for a total transaction of $450,600.00. Following the completion of the sale, the director now owns 154,913 shares in the company, valued at $3,490,189.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Bernard Gutmann sold 126,667 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $26.01, for a total value of $3,294,608.67. Following the sale, the chief financial officer now owns 665,507 shares of the company’s stock, valued at approximately $17,309,837.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,400 shares of company stock valued at $6,384,941. Corporate insiders own 1.40% of the company’s stock.

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About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

Insider Buying and Selling by Quarter for ON Semiconductor (NASDAQ:ON)

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