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S&P 500   4,604.37
DOW   36,247.87
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The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

ON Semiconductor Stock Price, News & Analysis (NASDAQ:ON)

$76.14
+0.30 (+0.40%)
(As of 12/8/2023 ET)
Compare
Today's Range
$75.52
$77.25
50-Day Range
$62.64
$95.14
52-Week Range
$59.61
$111.35
Volume
4.58 million shs
Average Volume
5.32 million shs
Market Capitalization
$32.79 billion
P/E Ratio
15.35
Dividend Yield
N/A
Price Target
$98.88

ON Semiconductor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
29.9% Upside
$98.88 Price Target
Short Interest
Healthy
5.51% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.53mentions of ON Semiconductor in the last 14 days
Based on 68 Articles This Week
Insider Trading
Selling Shares
$277,208 Sold Last Quarter
Proj. Earnings Growth
-4.87%
From $5.13 to $4.88 Per Share

Overall MarketRank

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

2.54 out of 5 stars

Computer And Technology Sector

101st out of 583 stocks

Semiconductors & Related Devices Industry

20th out of 88 stocks


ON stock logo

About ON Semiconductor 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

US employers added a solid 199,000 jobs in November and unemployment rate falls, signaling a still-sturdy labor market
US employers added a solid 199,000 jobs in November and unemployment rate falls, signaling a still-sturdy labor market
China's exports in November edged higher for the first time in 7 months, while imports fell
Customs data show that China’s exports rose in November, indicating that demand may be picking up following months of decline
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
What is the consumer staples sector? (ON)
The consumer staples sector is a sector that contains products consumers use and which people cannot (or won’t) cut out of their budget. Learn more.
Bank of England will review the risks that AI poses to UK financial stability
The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning
Investing in quantum computing: A guide  (ON)
Investing in quantum computing may be a smart investment for your portfolio. Learn more about how to invest and some companies to consider.
EPL sells domestic TV rights for record $8.45B in next 4-year cycle
The English Premier League has sold its domestic TV rights for 6.7 billion pounds for the next four-year cycle
Spotify axes 17% of workforce in third round of layoffs this year
Spotify says it’s axing 17% of its global workforce in the music streaming service’s third round of layoffs this year
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
Canada says Google will pay $74 million annually to Canadian news industry under new online law
Canada’s government says it has reached a deal with Google for the company to contribute $100 million (US $74 million) annually to the country’s news industry
Taiwan Semiconductor sales plunge in November
iFLY ANNOUNCES TWO NEW LOCATIONS IN TRI-STATE AREA
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/05/2024

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 Target
$98.88
High Stock Price Target
$135.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+29.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
26 Analysts

Profitability

Net Income
$1.90 billion
Pretax Margin
32.24%

Debt

Sales & Book Value

Annual Sales
$8.34 billion
Cash Flow
$7.70 per share
Book Value
$14.35 per share

Miscellaneous

Free Float
428,975,000
Market Cap
$32.79 billion
Optionable
Optionable
Beta
1.81

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Should I Buy ON Semiconductor Stock? ON Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ON Semiconductor was last updated on Sunday, December 3, 2023 at 4:57 PM.

Pros

Here are some ways that investors could benefit from investing in ON Semiconductor Corporation:

  • ON Semiconductor Corporation is engaged in disruptive innovations and is a supplier of power and analog semiconductors.
  • The company offers vehicle electrification and safety solutions, which are in high demand in the growing electric vehicle market.
  • ON Semiconductor Corporation focuses on designing and developing CMOS and CCD image sensors, as well as proximity sensors, image signal processors, and single photon detectors.
  • The firm has a strong track record of continuous improvement and innovation, ensuring that their products are at the forefront of technology.
  • Investing in ON Semiconductor Corporation provides exposure to the semiconductor industry, which is experiencing significant growth and demand.

Cons

Investors should be bearish about investing in ON Semiconductor Corporation for these reasons:

  • The stock price of ON Semiconductor Corporation may be subject to market volatility and fluctuations.














ON Stock Analysis - Frequently Asked Questions

Should I buy or sell ON Semiconductor stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ON Semiconductor in the last twelve months. There are currently 12 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ON shares.
View ON analyst ratings
or view top-rated stocks.

What is ON Semiconductor's stock price target for 2024?

26 equities research analysts have issued 1 year price objectives for ON Semiconductor's shares. Their ON share price targets range from $60.00 to $135.00. On average, they expect the company's share price to reach $98.88 in the next year. This suggests a possible upside of 29.9% 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 at the start of the year. Since then, ON shares have increased by 22.1% and is now trading at $76.14.
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, February 5th 2024.
View our ON earnings forecast
.

How were ON Semiconductor's earnings last quarter?

ON Semiconductor Corporation (NASDAQ:ON) posted its earnings results on Monday, October, 30th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. The semiconductor company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.15 billion. ON Semiconductor had a trailing twelve-month return on equity of 33.78% and a net margin of 26.69%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share.

How will ON Semiconductor's stock buyback program work?

ON Semiconductor announced that its board has approved 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 purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

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

ON Semiconductor issued an update on its fourth quarter 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of $1.13-$1.27 for the period, compared to the consensus estimate of $1.36. The company issued revenue guidance of $1.95 billion-$2.05 billion, compared to the consensus revenue estimate of $2.18 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).

Who are ON Semiconductor's major shareholders?

ON Semiconductor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.87%), Invesco Ltd. (1.35%), Mackenzie Financial Corp (1.20%), Ameriprise Financial Inc. (0.99%), Northern Trust Corp (0.96%) and Bank of New York Mellon Corp (0.83%). Insiders that own company stock include Bernard Raymond Colpitts Jr, Christine Y Yan, Emmanuel T Hernandez, George H Cave, George H Cave, Gregory L Waters, Hassane El-Khoury, Paul Anthony Mascarenas, Paul E Rolls, Simon Keeton and Vince Craig Hopkin.
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.

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.
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This page (NASDAQ:ON) was last updated on 12/10/2023 by MarketBeat.com Staff

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