ON Semiconductor Corporation (NASDAQ:ON) is reporting third quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, ON is expected to report 3Q20 income of $ 0.20 per share from revenue of $ 1274.22 million.
For the full year, analysts anticipate top line of $ 5073.27 million, while looking forward to income of $ 0.67 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,200.00 million ~ $ 1,330.00 million
Click Here For More Historical Outlooks Of ON Semiconductor Corporation
Previous Quarter Performance
ON Semiconductor Corporation announced income for the second quarter of $ 0.12 per share, from the revenue of $ 1,214.00 million. Street analysts expected ON Semiconductor Corporation to report income of $ 0.02 per share on revenue of $ 1180.00 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 500.00 percent, at the same time, top line results outshined analysts by $ 34.00 million or 2.88 percent.
Stock Performance
On Friday, shares of ON Semiconductor Corporation has traded high as $ 25.26 and has cracked $ 24.57 on the downward trend, reaching $ 25.09 with volume of 10.70 million shares.
According to the previous trading day, closing price of $ 25.09, representing a 208.32 % increase from the 52 week low of $ 8.17 and a 6.15 % decrease over the 52 week high of $ 26.84.
The company has a market capital of $ 10.31 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 31.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 17.00 target price.
- On 16th September 2020, maintained by Needham & Company LLC at Strong Buy rating, with $ 30.00 target price.
Conference Call
ON Semiconductor Corporation will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.onsemi.com
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
