ON Semiconductor Corporation (ON)

NASDAQ: ON · IEX Real-Time Price · USD
92.95
-1.10 (-1.17%)
At close: Sep 29, 2023, 4:00 PM
93.89
+0.94 (1.01%)
After-hours: Sep 29, 2023, 7:46 PM EDT
-1.17%
Market Cap 40.11B
Revenue (ttm) 8.35B
Net Income (ttm) 1.96B
Shares Out 431.53M
EPS (ttm) 4.37
PE Ratio 21.27
Forward PE 16.60
Dividend n/a
Ex-Dividend Date n/a
Volume 4,214,854
Open 95.50
Previous Close 94.05
Day's Range 92.76 - 95.67
52-Week Range 54.93 - 111.35
Beta 1.78
Analysts Buy
Price Target 112.35 (+20.87%)
Earnings Date Oct 30, 2023

About ON

ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company offers analog, disc... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Apr 28, 2000
Employees 31,109
Stock Exchange NASDAQ
Ticker Symbol ON
Full Company Profile

Financial Performance

In 2022, ON's revenue was $8.33 billion, an increase of 23.54% compared to the previous year's $6.74 billion. Earnings were $1.90 billion, an increase of 88.61%.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for ON stock is "Buy." The 12-month stock price forecast is $112.35, which is an increase of 20.87% from the latest price.

Price Target
$112.35
(20.87% upside)
Analyst Consensus: Buy
Stock Forecasts

News

onsemi Appoints Christina Lampe-Önnerud to the Board of Directors

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) today announced that Christina Lampe-Önnerud was appointed to its board of directors, effective September 1, 2023. Lampe-Önnerud is a highly reg...

5 weeks ago - Business Wire

The sell off in ON Semi is absurd, says Jim Cramer

'Mad Money' host Jim Cramer looks at what he calls the summer stock slump and breaks down the market downturn.

5 weeks ago - CNBC Television

China's Woes Linger. These Stocks Have Exposure.

A slowdown in the world's second-largest economy could ripple through the U.S. tech sector.

6 weeks ago - Barrons

On Holding Slips Into A More Comfortable Price Point

Shares of On Holding NYSE: ON were down about 10% following the Q2 earnings release, but this was an opportunity to buy more shares, not cut losses. The company's results are a testament to execution ...

6 weeks ago - MarketBeat

ONSemi Is On Target For New Highs In 2023

ONSemi NASDAQ: ON is on target for new highs in 2023, but the move may not come immediately. The market is up a solid 3% following the Q2 results and guidance for Q3, but the market may have reached a...

2 months ago - MarketBeat

ON Semiconductor Q2 earnings: ‘bigger trends are in our favour'

ON Semiconductor Corp (NASDAQ: ON) is in focus on Monday after reporting its financial results for the second quarter that handily topped Street estimates. ON stock up on encouraging outlook The semic...

2 months ago - Invezz

Onsemi CEO: Strength in electrification of auto market has given us solid results and outlook

Hassane El-Khoury, Onsemi president and CEO, joins 'Squawk on the Street' to discuss where the company's upside guidance came from, the Onsemi content difference between internal combustible and elect...

2 months ago - CNBC Television

Onsemi Shares Reach Record High on Demand for Auto and Industrial Chips

Onsemi beat estimates on profit, sales, and guidance on increased demand for its automotive and industrial chips. Shares hit an all-time high on the news.

2 months ago - Investopedia

onsemi Second Quarter 2023 Results Exceed Expectations

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (the “Company”) (Nasdaq: ON) today announced results for the second quarter of 2023 with the following highlights: Revenue of $2,094.4 million, flat year-ove...

2 months ago - Business Wire

onsemi and Magna Sign Strategic Agreements to Invest in Silicon Carbide for Growing Electric Vehicle Market

SCOTTSDALE, Ariz. & AURORA, Ontario--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Magna (NYSE: MGA; TSX: MG), a mobility technology company and one...

Other symbols: MGA
2 months ago - Business Wire

onsemi Secures $1.95B in Supply Agreements with Leading Solar Inverter Manufacturers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced it has secured $1.95B in long-term supply agreements (LTSAs) for its in...

2 months ago - Business Wire

Is ON Semiconductor Corp (ON) Overvalued? A Comprehensive Analysis

On July 25, 2023, ON Semiconductor Corp ( ON , Financial) recorded a daily gain of 3.54%, with its stock price reaching $101.15. The company's current market cap stands at $43.7 billion, with reported...

2 months ago - GuruFocus

onsemi and BorgWarner Expand Strategic Collaboration for Silicon Carbide Worth Over $1 Billion in Lifetime Value

SCOTTSDALE, Ariz. & AUBURN HILLS, Mich.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and BorgWarner Inc. (NYSE: BWA), a global product leader in deliv...

Other symbols: BWA
2 months ago - Business Wire

onsemi to Announce Second Quarter Financial Results

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) plans to announce its financial results for the second quarter, which ended June 30, 2023, before the market opens on Monday, July 31, 2023. The...

2 months ago - Business Wire

Chip stocks lag market as semiconductor sales decline for 11th straight month

Chip stocks underperformed the broader market Thursday after the semiconductor industry logged its 11th month in a row of steep losses from the year-ago period.

3 months ago - Market Watch

6 Stocks That Have Outperformed Apple This Year

Apple actually isn't the best performer in the S&P 500 so far this year.

Other symbols: ALGNCPRTFTNTMPWRWST
3 months ago - Barrons

onsemi Selected by Nasdaq for 100 Index

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, will be added to the Nasdaq-100 Index® prior to market open on Tuesday, June 20, 2023. ...

3 months ago - Business Wire

Vitesco Technologies and onsemi sign SiC long-term supply agreement and agree to invest in SiC technology capacity expansion

Vitesco Technologies is securing silicon carbide (SiC) supply capacity worth $1.9 billion (€1.75 billion), to enable the enormous growth in electrification Vitesco Technologies is gaining access to th...

4 months ago - PRNewsWire

Vitesco Technologies and onsemi Sign SiC Long-Term Supply Agreement and Agree to Invest in SiC Technology Capacity Expansion

REGENSBURG, Germany & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Vitesco Technologies (FSE: VTSC) and onsemi (Nasdaq: ON) today announced a 10-year long-term supply agreement worth $1.9 billion for silicon c...

4 months ago - Business Wire

Final Trades: Netflix, ON Semi & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: NFLXIXUS
4 months ago - CNBC Television

Chip Maker Rides EV Market to New, Expensive Heights

OnSemi boosts growth and margin targets despite rising capex requirements.

4 months ago - WSJ

ON Semiconductor mulls $2 bln investment in electric vehicle chip production

ON Semiconductor Corp is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on...

4 months ago - Reuters

Penn State and onsemi Sign MOU to Boost Silicon Carbide Research in the United States

SCOTTSDALE, Ariz. & UNIVERSITY PARK, Pa.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Penn State are pleased to announce the signing of a memorand...

4 months ago - Business Wire

onsemi and Kempower Enter Strategic Agreement for Electric Vehicle Chargers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced that under a new strategic agreement, it will provide Kempower with ons...

4 months ago - Business Wire

onsemi and Sineng Electric Spearhead the Development of Sustainable Energy Applications

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced that Sineng Electric will integrate onsemi EliteSiC silicon carbide (Si...

4 months ago - Business Wire