ON Semiconductor (NASDAQ:ON) Getting Somewhat Favorable Media Coverage, Study Shows

News headlines about ON Semiconductor (NASDAQ:ON) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ON Semiconductor earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.3557595812439 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

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NASDAQ ON traded up $0.80 during trading hours on Wednesday, hitting $24.33. The company’s stock had a trading volume of 5,681,730 shares, compared to its average volume of 7,667,271. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $27.10. The stock has a market cap of $9,942.55, a price-to-earnings ratio of 16.66, a PEG ratio of 1.10 and a beta of 2.00. 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 (NASDAQ:ON) last announced its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. sell-side analysts predict that ON Semiconductor will post 1.73 EPS for the current year.

ON has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a report on Monday, December 11th. Morgan Stanley increased their price target on ON Semiconductor from $18.50 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Piper Jaffray initiated coverage on ON Semiconductor in a report on Monday, December 18th. They set a “neutral” rating and a $21.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, December 19th. Finally, ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.09.

In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bernard Gutmann sold 126,667 shares of ON Semiconductor stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $26.01, for a total transaction of $3,294,608.67. Following the transaction, the chief financial officer now directly owns 665,507 shares in the company, valued at approximately $17,309,837.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 277,983 shares of company stock worth $6,992,321. 1.40% of the stock is owned by insiders.

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About ON Semiconductor

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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

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