ON Semiconductor Corporation (ON) Announces Earnings Results
ON Semiconductor Corporation (ON) Announces Earnings Results
15 November, 2017, 19:40
BMO Capital Markets restated a buy rating and issued a $62.00 price target on shares of Microsemi Corporation in a research note on Thursday, July 20th. On July 31, 2017 Wells Fargo & Company kept a "Outperform" rating on the company.
Microsemi Corporation (NASDAQ:MSCC) remained flat at $$52.62 during mid-day trading on Friday. According to their observations and findings, the stock could provide a high EPS of $0.39/share and a low EPS of $0.34/share. The stock was sold at an average price of $53.71, for a total transaction of $3,731,878.22. Susquehanna Bancshares updated its forecast on MSCC with a rating of "Buy" and establishing a price target of $70.00. A 13 analysts rate it as either a buy or a strong buy, while2 believe that investors should either steer clear of NTAP or, if they already own its stock, sell it. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04.
The average 1-year price target for NetApp, Inc.
Currently, 0.60% of Diebold Nixdorf, Incorporated (NYSE:DBD) are owned by insiders with 111.22% six-month change in the insider ownership. The company's P/E ratio is 34.98 and the market value is 6.08B. Microsemi Corporation had a return on equity of 20.82% and a net margin of 9.73%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period past year, the firm earned $0.91 EPS.
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Microsemi Corporation announced that its board has approved a stock repurchase program on Thursday, July 27th that allows the company to buyback $250.00 million in outstanding shares. The firm's stock has a market capitalization of $5.57 bln. The firm owned $7.81 million shares of the company's stock after selling 237465 shares during the period.
In related news, VP Frederick C. Goerner sold 4,000 shares of the firm's stock in a transaction on Tuesday, August 9th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Camillo Martino acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, August 21st. The average 1-year price target for (CY) reveals an average price target of $17.92 per share. The stock was sold at an average price of $50.12, for a total transaction of $75,180.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 60,000 shares of company stock worth $834,100. There were 42 sold out positions, amounting to 2.35 million shares. Dubuque Bank & Trust Co. lifted its position in shares of Microsemi Corporation by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,065,729 shares of the semiconductor company's stock valued at $209,305,000 after buying an additional 1,196,836 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of Microsemi Corp.by 1.7% in the first quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Microsemi Corporation in the 2nd quarter worth approximately $219,000.
The company now has an insider ownership of 1.7 Percent and Institutional ownership of 99.5 Percent. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group.
Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products.
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The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion.
Ltd. now owns 6,544 shares of the company's stock worth $178,000 after buying an additional 3,589 shares during the last quarter. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.
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