ON Semiconductor Reports Fourth Quarter and 2020 Annual Results

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ON Semiconductor (ON) PT Raised to $38 at Loop Capital

February 2, 2021 6:19 AM EST

Loop Capital analyst David Williams raised the price target on ON Semiconductor (NASDAQ: ON) to $38.00 (from $32.00) while maintaining a Buy rating.

The analyst comments "ON Semi delivered a strong quarter and issued 1Q guidance above consensus estimates on the top and bottom lines as the new CEO... More

ON Semiconductor (ON) Tops Q4 EPS by 8c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Below Consensus

February 1, 2021 8:05 AM EST

ON Semiconductor (NASDAQ: ON) reported Q4 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.35 billion.

Fourth Quarter revenue of $1,446.3 million, up three percent year-over-yearFourth Quarter GAAP diluted earnings per share of $0.21 as compared to $0.14 in the quarter a year agoFourth Quarter Non-GAAP diluted earnings per share of... More