ON Semiconductor Corporation (NASDAQ:ON) stock is currently pricing at roughly $14.35. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 20 analysts covering the company at $18.00. That suggests shares of the stock may have another 20 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $22.00, which would imply another 47 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 12 “Buy” ratings in place. At the same time, 5 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 3 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Credit Suisse took a look at ON shares in a research note released on Apr 11, 2017, and issued a Underperform rating to this company. Goldman analysts provided their own take on company recently as well. In a research note published on Jan 04, 2017,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Sep 22, 2016, researchers at Morgan Stanley reconsidered their prior rating on the stock, and upped it from Underweight Perform to Equal-Weight.
ON Semiconductor Corporation (ON) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 2.21 percent of the stock.
If we take a more granular look, Keith D. Jackson is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 2,782,839 shares, representing a total current market value of roughly $39933739.65. Dr. William John Nelson, PhD is another major player among company insiders, currently holding 704,512 shares as of 0.17%, carrying a current market value of $10109747.2. Donald A. Colvin is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 677,743 shares, valued at around $9725612.05 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-03-31, the company’s Exec VP Sales & Marketing Rolls Paul E sold 3,219 company shares for 49890. That means, once accounting for this transaction, the Exec VP Sales & Marketing is left with a stake of 260,101 shares, carrying a current total market value of $3732449. In addition, by means of a transaction dated 2017-03-17, Exec VP Sales & Marketing Rolls Paul E sold 1,414 shares worth $21490. After that transaction, this investor is left with a total holding of 259,611 shares, representing a total investment value of $3725417.85. We also noted a 2017-03-14 transaction in which ON EVP & GM, ASG KLOSTERBOER ROBERT A. sold 10,000 shares at a stock price of $15.1, carrying a total value of $151000, after which, this insider’s investment stands at 344,320 shares, with an overall financial value of $4940992.
ON Semiconductor Corporation (NASDAQ:ON) Earnings View
In the company’s last quarter, ON EPS moved to $0.29 from $0.24 compared sequentially with the prior quarter. Revenues for the company came in at $1.26BM. This stacks up against $950.9MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.23 per share on $1.22BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.27 to $0.34. On a year-over-year basis, that compares with an EPS comp of $0.17.