ON Semiconductor Reports First Quarter 2016 Results

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Go back to ON Semiconductor Reports First Quarter 2016 Results

Needham & Company Reiterates Buy on ON Semiconductor (ON) Following 1Q

May 9, 2016 2:13 PM EDT

Needham & Company maintained a Buy rating and $14.00 price target on ON Semiconductor (NASDAQ: ON) following the company's 1Q earnings report.

Analyst Rajvindra Gill commented, "ON reported a solid quarter and guide fueled by ongoing strength in auto and rebound in the segment... More

ON Semiconductor (ON) Tops Q1 EPS by 2c

May 9, 2016 8:39 AM EDT

ON Semiconductor (NASDAQ: ON) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $817.2 million versus the consensus estimate of $820.3 million.

GUIDANCE:

ON Semiconductor sees Q2 2016 revenue of $835-875 million, versus the consensus... More