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NASDAQ:ON

Onsemi (ON) Stock Price, News & Analysis

$67.56
-3.04 (-4.31%)
(As of 11:34 AM ET)
Today's Range
$67.41
$69.38
50-Day Range
$68.75
$82.96
52-Week Range
$61.47
$111.35
Volume
1.89 million shs
Average Volume
7.22 million shs
Market Capitalization
$29.04 billion
P/E Ratio
13.82
Dividend Yield
N/A
Price Target
$98.79

Onsemi MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
39.9% Upside
$98.79 Price Target
Short Interest
Bearish
5.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.73mentions of Onsemi in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.89%
From $4.34 to $5.16 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.

4.83 out of 5 stars

Computer And Technology Sector

94th out of 1,800 stocks

Semiconductors & Related Devices Industry

16th out of 267 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

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Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Should You Hold ON Semiconductor Corporation (ON)?
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
onsemi to Announce First Quarter Financial Results
CANADA CARBON CLOSES PRIVATE PLACEMENT OF UNITS
Onsemi (NASDAQ:ON) Earns Positive Rating from Susquehanna
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
4/12/2024
Next Earnings (Estimated)
5/06/2024
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
$98.79
High Stock Price Target
$135.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+39.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
23 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
30.73%

Debt

Sales & Book Value

Annual Sales
$8.25 billion
Cash Flow
$6.81 per share
Book Value
$18.11 per share

Miscellaneous

Free Float
428,127,000
Market Cap
$30.35 billion
Optionable
Optionable
Beta
1.80

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Should I Buy Onsemi Stock? ON Pros and Cons Explained

Pros

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

  • ON Semiconductor Corporation has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company's focus on developing advanced semiconductor products, such as the latest generation power management solutions, positions it well in the competitive market.
  • ON Semiconductor Corporation's strategic partnerships with key industry players have opened up new avenues for growth and innovation.
  • Recent positive analyst ratings and price target upgrades suggest a bullish sentiment towards the company's stock.
  • The current stock price of ON Semiconductor Corporation is undervalued compared to its peers, presenting a potential buying opportunity for investors.

Cons

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

  • The semiconductor industry is highly cyclical, and any downturn in the global economy could impact ON Semiconductor Corporation's financial performance.
  • Intense competition in the semiconductor market may lead to pricing pressures and margin erosion for ON Semiconductor Corporation.
  • Fluctuations in raw material prices, especially for critical components like silicon, could affect the company's production costs and profitability.
  • Regulatory changes or geopolitical tensions could disrupt ON Semiconductor Corporation's supply chain and operations, leading to potential risks.
  • Market volatility and macroeconomic uncertainties may impact investor sentiment towards semiconductor stocks, including ON Semiconductor Corporation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Onsemi pros and cons to contact@marketbeat.com.

ON Stock Analysis - Frequently Asked Questions

Should I buy or sell Onsemi stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Onsemi in the last year. There are currently 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research 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?

23 analysts have issued 12 month target prices for Onsemi's shares. Their ON share price targets range from $60.00 to $135.00. On average, they predict the company's stock price to reach $98.79 in the next year. This suggests a possible upside of 39.9% 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 2024?

Onsemi's stock was trading at $83.53 at the start of the year. Since then, ON shares have decreased by 15.5% and is now trading at $70.60.
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, May 6th 2024.
View our ON earnings forecast
.

How were Onsemi's earnings last quarter?

Onsemi (NASDAQ:ON) issued its earnings results on Monday, February, 5th. The semiconductor company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.04. The semiconductor company earned $2.02 billion during the quarter, compared to analysts' expectations of $2 billion. Onsemi had a trailing twelve-month return on equity of 31.36% and a net margin of 26.46%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS.

How will Onsemi's stock buyback program work?

Onsemi announced that its Board of Directors has initiated a share buyback plan on Monday, February 6th 2023, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

Onsemi updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided EPS guidance of 0.980-1.100 for the period, compared to the consensus earnings per share estimate of 1.100. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 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 number of retail and institutional investors. Top institutional investors include Guinness Asset Management LTD (0.09%), Atwood & Palmer Inc. (0.06%), Neville Rodie & Shaw Inc. (0.05%), Czech National Bank (0.02%), Gulf International Bank UK Ltd (0.01%) and Insight Wealth Strategies LLC (0.01%). Insiders that own company stock include Bernard Raymond Colpitts Jr, Christine Y Yan, George H Cave, 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.
Read More
This page (NASDAQ:ON) was last updated on 4/12/2024 by MarketBeat.com Staff

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