Revenue Update on ON Semiconductor Corp(NASDAQ:ON)

ON Semiconductor Corp(NASDAQ:ON) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.261B. Analysts estimated a revenue of $1.220B. The revenues were 3.36% above the estimates. Earnings per share were $0.29. The reported EPS was above estimates by 26.09%. Analysts had estimated an EPS of $0.23.

In a different note, Loop Capital said it Initiates Coverage On ON Semiconductor Corp, according to a research note issued on Dec 13, 2016. In the research note, the firm Announces the price-target to $16 per share. The shares have been rated ‘Buy’ by the firm.

ON Semiconductor Corp (ON) made into the market gainers list on Wednesdays trading session with the shares advancing 0.13% or 0.02 points. Due to strong positive momentum, the stock ended at $16, which is also near the day’s high of $16.06. The stock began the session at $16 and the volume stood at 64,47,900 shares. The 52-week high of the shares is $16.06 and the 52 week low is $7.72. The company has a current market capitalization of $6,671 M and it has 41,69,62,800 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2017, William A. Schromm (EVP & Chief Operating Officer) sold 1,453 shares at $14.00 per share price.Also, On Jan 27, 2017, George H Cave (EVP, Gen Cnsl, CC&EO, & Sec) sold 5,000 shares at $13.76 per share price.On Jan 13, 2017, William Hall (EVP & GM, Pwr Sol Grp) sold 32,530 shares at $13.50 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.

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