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NASDAQ:ON

ON Semiconductor (ON) Stock Forecast, Price & News

$87.95
+4.35 (+5.20%)
(As of 06/1/2023 ET)
Compare
Today's Range
$84.05
$88.31
50-Day Range
$69.98
$86.62
52-Week Range
$44.76
$89.83
Volume
6.93 million shs
Average Volume
6.99 million shs
Market Capitalization
$37.99 billion
P/E Ratio
21.45
Dividend Yield
N/A
Price Target
$91.08

ON Semiconductor MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
3.6% Upside
$91.08 Price Target
Short Interest
Healthy
5.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.19mentions of ON Semiconductor in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$1.19 M Sold Last Quarter
Proj. Earnings Growth
10.47%
From $4.87 to $5.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Computer And Technology Sector

715th out of 1,226 stocks

Semiconductors & Related Devices Industry

109th out of 178 stocks


ON stock logo

About ON Semiconductor (NASDAQ:ON) Stock

ON Semiconductor Corporation is a global leader in the semiconductor industry, providing a comprehensive range of semiconductor solutions, including power and signal management, logic, discrete and custom devices, and sensor technologies. Headquartered in Phoenix, Arizona, the company operates in a highly competitive industry, serving customers across various industries, including automotive, industrial, communication, computing, consumer, and medical. In 2021 ON Semiconductor was ranked on the Fortune 500 list of the top 500 companies. 

ON Semiconductor has a diverse and experienced executive team composed of leaders with extensive finance, operations, and engineering backgrounds. Together, they bring a wealth of experience to the table, enabling the company to stay ahead of the curve and provide innovative solutions to its customers. The company's management team is led by Chief Executive Officer Hassane El-Khoury, who was appointed to the position of President and CEO in December 2020. Before joining the team at ON Semiconductor El-Khoury was the CEO of Cypress Semiconductor, which was sold to Infineon in Q1 of 2020. Other notable team members include Thad Trent, the Chief Financial Officer, and Felicity Carson, the Chief Marketing Officer. 

In recent years, ON Semiconductor has shown consistently positive financial performance. The company has reported steady revenue growth over the past three years, with annual revenue and net profit rising yearly. Furthermore, ON Semiconductor has maintained a conservative balance sheet, with total debt significantly lower than total assets. This financial stability has enabled the company to invest in research and development, expand its operations, and pursue strategic acquisitions. ON Semiconductor trades at a price-to-earnings ratio that aligns with its industry peers. The company's stock has performed well in recent years, with a five-year return of 85% and a ten-year return of 144%. Recently the stock has seen significant growth, driven by the company's strong financial performance and the acquisition of GT Advanced Technologies.

In 2022, ON Semiconductor completed the acquisition of GT Advanced Technologies, a leader in silicon carbide materials and technology. This acquisition positions the company to capitalize on the growing demand for silicon carbide materials in high-power, high-efficiency applications.

However, the semiconductor industry is highly competitive, and ON Semiconductor faces intense competition from established players and new entrants. The industry is also subject to technological advancements and regulatory changes that can significantly impact the company's operations. Additionally, the company's end markets are subject to economic and political factors that can affect product demand.

Despite these challenges, ON Semiconductor has several growth opportunities in the coming years. The company is investing in new products and technologies, such as wireless charging and advanced imaging sensors, with significant growth potential. Furthermore, the company is expanding in emerging markets, particularly in Asia, where it has seen strong product demand.

In addition to pursuing organic growth, ON Semiconductor is also open to pursuing strategic acquisitions that can help it expand its product portfolio and market reach. The company has a proven track record of successful investments, and it continues to explore potential opportunities in the market.

In terms of the broader industry, the semiconductor industry is expected to continue growing in the coming years, driven by various factors, including the increasing adoption of technology across multiple end markets, such as automotive, industrial, and communication. The industry also benefits from the growing demand for electronic devices like smartphones, tablets, and wearables.

However, the semiconductor industry has challenges. One of the industry's main challenges is the global shortage of semiconductor chips, which has impacted various industries, including automotive, consumer electronics, and medical devices. This shortage has been caused by a combination of factors, including the COVID-19 pandemic, geopolitical tensions, and supply chain disruptions. As a result, semiconductor companies have been investing heavily in capacity expansion and increasing their supply chain resilience.

In addition to the chip shortage, the semiconductor industry is subject to regulatory and political issues. For example, the industry faces increased regulatory scrutiny, particularly in data privacy and security. Moreover, geopolitical tensions, particularly between the US and China, have resulted in trade tensions and the imposition of tariffs, which can impact the industry's global supply chains.

Despite these challenges, ON Semiconductor is well-positioned to capitalize on the industry's growth opportunities and navigate its risks. The company strongly focuses on innovation, invests heavily in research and development, and is well-diversified across various end markets, mitigating its exposure to any one industry. Additionally, the company has a proven track record of successfully navigating industry challenges and capitalizing on emerging trends.

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ON Stock News Headlines

What Does the Airbnb Guidance Drop Say About Travel Demand? (ON)
Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) disappointed investors with its outlook for Q2 2023. The popular disruptor and innovator of BnB travel book
House OKs bill to raise debt ceiling, avoid default as bargain between Biden and McCarthy wins bipartisan support
House OKs bill to raise debt ceiling, avoid default as bargain between Biden and McCarthy wins bipartisan support
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Federal Reserve likely to skip interest rate hike at its next meeting in June, hike later
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June
Britain's leading business lobby group sets out proposals for change after misconduct allegations
Britain’s leading business lobby group has set out a series of proposals it hopes can secure its future following a string of allegations of inappropriate behaviour that led to the cancellation of membership subscriptions from some of the country’s biggest companies
Artificial intelligence threatens extinction, experts say in new warning
Scientists and tech industry leaders have issued a new warning about the perils that artificial intelligence poses to humankind
This Week: Consumer confidence, Macy’s earns, jobs report
The Conference Board releases its latest U.S. consumer confidence index Tuesday
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Yellen extends projected 'X-date' for federal default to June 5, says inaction would 'cause severe hardship'
Yellen extends projected 'X-date' for federal default to June 5, says inaction would 'cause severe hardship'
DEA revokes license of drug distributor Morris & Dickson for turning blind eye to suspicious orders in opioid crisis
DEA revokes license of drug distributor Morris & Dickson for turning blind eye to suspicious orders in opioid crisis
A measure of inflation that is closely tracked by the Federal Reserve increased in April
A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high
Expert Ratings for Taiwan Semiconductor
Ian King on Nvidia (Audio)
See More Headlines

ON Price History

ON Company Calendar

Last Earnings
5/01/2023
Today
6/01/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
31,109
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$91.08
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
26 Analysts

Profitability

Net Income
$1.90 billion
Pretax Margin
27.33%

Debt

Sales & Book Value

Annual Sales
$8.33 billion
Cash Flow
$8.03 per share
Book Value
$14.97 per share

Miscellaneous

Free Float
430,172,000
Market Cap
$37.99 billion
Optionable
Optionable
Beta
1.74

Social Links


Key Executives

  • Hassane El-KhouryHassane El-Khoury
    President, Chief Executive Officer & Director
  • Wei-Chung Wang
    Executive VP-Global Manufacturing & Operations
  • Sam Thad Trent
    Chief Financial Officer, Treasurer & Executive VP
  • Johannes M. C. Stork
    Chief Technology Officer & Senior Vice President
  • George H. CaveGeorge H. Cave
    Secretary, Chief Compliance & Risk Officer













ON Stock - Frequently Asked Questions

Should I buy or sell ON Semiconductor stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ON Semiconductor in the last year. There are currently 6 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ON shares.
View ON analyst ratings
or view top-rated stocks.

What is ON Semiconductor's stock price forecast for 2023?

26 brokers have issued 1 year price targets for ON Semiconductor's stock. Their ON share price forecasts range from $65.00 to $110.00. On average, they expect the company's share price to reach $91.08 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for ON
or view top-rated stocks among Wall Street analysts.

How have ON shares performed in 2023?

ON Semiconductor's stock was trading at $62.37 on January 1st, 2023. Since then, ON stock has increased by 37.1% and is now trading at $85.50.
View the best growth stocks for 2023 here
.

When is ON Semiconductor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our ON earnings forecast
.

How were ON Semiconductor's earnings last quarter?

ON Semiconductor Corporation (NASDAQ:ON) announced its quarterly earnings results on Monday, May, 1st. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. The semiconductor company earned $1.96 billion during the quarter, compared to analysts' expectations of $1.93 billion. ON Semiconductor had a trailing twelve-month return on equity of 39.27% and a net margin of 21.98%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 earnings per share.

How will ON Semiconductor's stock buyback program work?

ON Semiconductor declared that its board has authorized a share buyback plan on Monday, February 6th 2023, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

What guidance has ON Semiconductor issued on next quarter's earnings?

ON Semiconductor issued an update on its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $1.14-$1.28 for the period, compared to the consensus earnings per share estimate of $1.06. The company issued revenue guidance of $1.98 billion-$2.08 billion, compared to the consensus revenue estimate of $1.93 billion.

What other stocks do shareholders of ON Semiconductor own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ON Semiconductor investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Cisco Systems (CSCO), Alibaba Group (BABA), QUALCOMM (QCOM), Marvell Technology (MRVL), AT&T (T) and Bank of America (BAC).

What is ON Semiconductor's stock symbol?

ON Semiconductor trades on the NASDAQ under the ticker symbol "ON."

Who are ON Semiconductor's major shareholders?

ON Semiconductor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.70%), Geode Capital Management LLC (2.15%), Pictet Asset Management SA (1.63%), Mackenzie Financial Corp (1.60%), Envestnet Asset Management Inc. (1.05%) and Price T Rowe Associates Inc. MD (0.85%). Insiders that own company stock include Bernard Gutmann, Bernard Raymond Colpitts Jr, Emmanuel T Hernandez, George H Cave, George H Cave, Gilles Delfassy, Gregory L Waters, Hassane El-Khoury, Keith D Jackson, Paul Anthony Mascarenas, Paul E Rolls, Paul E Rolls, Simon Keeton, Vince Craig Hopkin and William A Schromm.
View institutional ownership trends
.

How do I buy shares of ON Semiconductor?

Shares of ON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ON Semiconductor's stock price today?

One share of ON stock can currently be purchased for approximately $85.50.

How much money does ON Semiconductor make?

ON Semiconductor (NASDAQ:ON) has a market capitalization of $36.93 billion and generates $8.33 billion in revenue each year. The semiconductor company earns $1.90 billion in net income (profit) each year or $4.10 on an earnings per share basis.

How many employees does ON Semiconductor have?

The company employs 31,109 workers across the globe.

Does ON Semiconductor have any subsidiaries?
The following companies are subsidiares of ON Semiconductor: AMI Semiconductor Canada Company, AMIS Foreign Holdings Inc., AXSEM AG, Aptina, Aptina (Mauritius) Limited, Aptina Holdings (Cayman) Inc., Aptina Imaging Corporation, Aptina India Private Limited, Aptina LLC, Aptina Pte. Ltd., Bestcyber Developments Limited, California Micro Devices, Fairchild (Taiwan) Corporation, Fairchild Energy LLC, Fairchild Semiconductor, Fairchild Semiconductor (Malaysia) Sdn. Bhd., Fairchild Semiconductor (Netherlands) B.V., Fairchild Semiconductor (Suzhou) Co. Ltd., Fairchild Semiconductor Corporation, Fairchild Semiconductor Corporation of California, Fairchild Semiconductor GmbH, Fairchild Semiconductor Hong Kong (Holdings) Limited, Fairchild Semiconductor Hong Kong Limited, Fairchild Semiconductor International Inc., Fairchild Semiconductor Mauritius (Trading) Ltd., Fairchild Semiconductor Mauritius Ltd., Fairchild Semiconductor Pte. Ltd., Fairchild Semiconductor Technology (Beijing) Co. Ltd., Fairchild Semiconductor Technology (Shanghai) Co. Ltd., Giant Holdings Inc., Giant Semiconductor Corporation, Leshan-Phoenix Semiconductor Company Limited, Micro-Ohm Corporation, New Conversion Co. Ltd., ON Design Czech s.r.o., ON Design Israel Ltd., ON Electronics Private Limited, ON Management Ltd., ON Semiconductor (Shenzhen) Limited, ON Semiconductor (Thailand) Co. Ltd., ON Semiconductor Adria d.o.o., ON Semiconductor Aizu Co. Ltd., ON Semiconductor Belgium BVBA, ON Semiconductor Benelux B.V., ON Semiconductor Binh Duong Company Limited, ON Semiconductor Canada Holding Corporation, ON Semiconductor Canada Trading Corporation, ON Semiconductor Cebu Philippines Inc., ON Semiconductor Connectivity Solutions Inc., ON Semiconductor Coöperatief U.A., ON Semiconductor Czech Republic s.r.o., ON Semiconductor France SAS, ON Semiconductor Germany GmbH, ON Semiconductor Holdings Malaysia Sdn. Bhd., ON Semiconductor Holland B.V., ON Semiconductor Ireland Research and Design Limited, ON Semiconductor Italy S.r.l., ON Semiconductor Japan Holdings Ltd., ON Semiconductor Japan Ltd., ON Semiconductor Kanto Co. Ltd., ON Semiconductor Korea Ltd., ON Semiconductor LLC, ON Semiconductor Leasing BVBA, ON Semiconductor Limited, ON Semiconductor Malaysia Sdn. Bhd., ON Semiconductor Netherlands BV, ON Semiconductor Netherlands Coöperatief U.A., ON Semiconductor Niigata Co. Ltd., ON Semiconductor Philippines Inc., ON Semiconductor Romania SRL, ON Semiconductor SAS, ON Semiconductor SSMP Philippines Corporation, ON Semiconductor Shenzhen China (ONSC) Limited, ON Semiconductor Slovakia a.s., ON Semiconductor Switzerland SA, ON Semiconductor Technology Hong Kong Limited, ON Semiconductor Technology India Private Ltd., ON Semiconductor Technology Korea Limited, ON Semiconductor Trading (Shanghai) Limited, ON Semiconductor Trading Sàrl, ON Semiconductor United Kingdom Limited, ON Semiconductor Vietnam Company Limited, ON Semiconductor s.r.l., PulseCore Semiconductor, Quantenna Communications, Quantenna Communications (Shanghai) Co. Ltd., Quantenna Communications (Wuxi) Co. Ltd., Quantenna Communications Australia Pty. Ltd., Quantenna Communications B.V., Quantenna Communications Hong Kong Limited, Quantenna Communications International Pte Ltd, Quantenna Communications Limited Liability Company, Quantenna Communications Spain SL, Quantenna France SARL, Quantenna Ltd., ROCTOV LLC, SANYO LSI Technology India Private Limited, SANYO Semiconductor, SANYO Semiconductor (S) Pte. Ltd., SCG Czech Design Center s.r.o., SCG Hong Kong SAR Limited, SCG Korea Limited, Semiconductor Components Industries LLC, Semiconductor Components Industries Singapore Pte Ltd, SensL Inc, SensL Technologies Limited, Silicon Patent Holdings, Sound Design Technologies, Sound Design Technologies Ltd., System Solutions Distribution Co. Ltd., TranSiC AB, and Truesense Imaging.
Read More
How can I contact ON Semiconductor?

ON Semiconductor's mailing address is 5005 EAST MCDOWELL ROAD, PHOENIX AZ, 85008. The official website for the company is www.onsemi.com. The semiconductor company can be reached via phone at (602) 244-6600, via email at investor@onsemi.com, or via fax at 602-244-6609.

This page (NASDAQ:ON) was last updated on 6/1/2023 by MarketBeat.com Staff

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