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Onsemi (ON) Stock Price, News & Analysis

$71.65
-4.64 (-6.08%)
(As of 05/23/2024 ET)
Today's Range
$71.30
$76.73
50-Day Range
$60.65
$76.29
52-Week Range
$59.34
$111.35
Volume
9.59 million shs
Average Volume
6.71 million shs
Market Capitalization
$30.83 billion
P/E Ratio
14.62
Dividend Yield
N/A
Price Target
$90.28

Onsemi MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
26.0% Upside
$90.28 Price Target
Short Interest
Healthy
4.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.55mentions of Onsemi in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$67,833 Sold Last Quarter
Proj. Earnings Growth
27.15%
From $3.83 to $4.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Computer And Technology Sector

32nd out of 595 stocks

Semiconductors & Related Devices Industry

9th out of 84 stocks

ON stock logo

About Onsemi Stock (NASDAQ:ON)

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.

ON Stock Price History

ON Stock News Headlines

MarketBeat Week in Review – 4/29 - 5/3 (ON)
Apple, Amgen, and a weak jobs report helped move the market higher as investors temporarily looked past the possibility of no interest rate cuts in 2024
Mastering Stocks in the Dow: Insights into the DJIA (ON)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
onsemi: The Rebound is ON for This Chip Stock
onsemi's NASDAQ: ON stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth.
onsemi: The Rebound is ON for This Chip Stock
onsemi had a tepid quarter and is guiding for weakness in Q2, but results are better than expected, and growth is expected to resume at the end of the year.
3 No Brainer EV Stocks to Buy and Hold for the Long Term
FRNT Financial Inc. Closes Private Placement
Analyst bullish on Floki as Pepe and Bonk rally
ON May 2024 64.000 call
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/24/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
30,100
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$90.28
High Stock Price Target
$135.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+26.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
26 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
31.00%

Debt

Sales & Book Value

Annual Sales
$8.25 billion
Cash Flow
$6.57 per share
Book Value
$18.93 per share

Miscellaneous

Free Float
428,898,000
Market Cap
$30.83 billion
Optionable
Optionable
Beta
1.78

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ON Stock Analysis - Frequently Asked Questions

Should I buy or sell Onsemi stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Onsemi in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ON shares.
View ON analyst ratings
or view top-rated stocks.

What is Onsemi's stock price target for 2024?

26 equities research analysts have issued 1-year target prices for Onsemi's stock. Their ON share price targets range from $55.00 to $135.00. On average, they expect the company's share price to reach $90.28 in the next year. This suggests a possible upside of 26.0% 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 2024?

Onsemi's stock was trading at $83.53 at the start of the year. Since then, ON stock has decreased by 14.2% and is now trading at $71.65.
View the best growth stocks for 2024 here
.

When is Onsemi's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our ON earnings forecast
.

How were Onsemi's earnings last quarter?

Onsemi (NASDAQ:ON) announced its quarterly earnings results on Monday, April, 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. The semiconductor company earned $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. Onsemi had a net margin of 26.67% and a trailing twelve-month return on equity of 28.86%. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share.

How will Onsemi's stock buyback program work?

Onsemi declared that its board has authorized a share buyback program on Monday, February 6th 2023, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

What guidance has Onsemi issued on next quarter's earnings?

Onsemi updated its second quarter 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share (EPS) guidance of 0.860-0.980 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

What other stocks do shareholders of Onsemi own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Onsemi 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).

Who are Onsemi's major shareholders?

Onsemi's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.67%), Capital World Investors (1.77%), Capital International Investors (0.95%), Earnest Partners LLC (0.60%), Van ECK Associates Corp (0.60%) and Allspring Global Investments Holdings LLC (0.58%). Insiders that own company stock include Bernard Raymond Colpitts Jr, Christine Y Yan, George H Cave, Gregory L Waters, Hassane El-Khoury, Paul Anthony Mascarenas, Simon Keeton and Vince Craig Hopkin.
View institutional ownership trends
.

How do I buy shares of Onsemi?

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

Does Onsemi have any subsidiaries?
The following companies are subsidiares of Onsemi: 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.
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This page (NASDAQ:ON) was last updated on 5/24/2024 by MarketBeat.com Staff

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