ON Semiconductor Corporation (ON)

NASDAQ: ON · IEX Real-Time Price · USD
76.87
+2.63 (3.54%)
At close: Jul 12, 2024, 4:00 PM
76.73
-0.14 (-0.18%)
After-hours: Jul 12, 2024, 7:59 PM EDT
3.54%
Market Cap 33.07B
Revenue (ttm) 8.16B
Net Income (ttm) 2.18B
Shares Out 430.23M
EPS (ttm) 4.90
PE Ratio 15.69
Forward PE 18.68
Dividend n/a
Ex-Dividend Date n/a
Volume 5,935,278
Open 74.86
Previous Close 74.24
Day's Range 74.34 - 78.31
52-Week Range 59.34 - 111.35
Beta 1.69
Analysts Buy
Price Target 88.28 (+14.84%)
Earnings Date Jul 29, 2024

About ON

ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through 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. In addition, the company offers analog, discret... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Apr 28, 2000
Employees 30,100
Stock Exchange NASDAQ
Ticker Symbol ON
Full Company Profile

Financial Performance

In 2023, ON's revenue was $8.25 billion, a decrease of -0.88% compared to the previous year's $8.33 billion. Earnings were $2.19 billion, an increase of 14.75%.

Financial Statements

Analyst Forecast

According to 27 analysts, the average rating for ON stock is "Buy." The 12-month stock price forecast is $88.28, which is an increase of 14.84% from the latest price.

Price Target
$88.28
(14.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 28, 2024, before the market opens on Monday, July 29, 2024. The...

3 days ago - Business Wire

Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?

ON Semiconductor Corp (NASDAQ: ON) finds itself in the spotlight today after Morgan Stanley downgraded its rating to Underweight from Equal-Weight and reduced the price target from $70 to $65.

3 days ago - Invezz

Sell ON Semiconductor. Weak Demand and Rising Competition Are a Tough Combo.

The company makes over 80,000 chip products in the area of power and sensors for the auto and industrial markets.

3 days ago - Barrons

PEP, CAG Revenue Miss, DRI Narrows, ON Downgrade

PepsiCo (PEP) falls after revenue miss. Conagra (CAG) also ticks lower after a revenue miss and a downbeat profit outlook.

Other symbols: CAGDRIPEP
3 days ago - Schwab Network

This Darden Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

Other symbols: DRIANFINVZKNX
3 days ago - Benzinga

onsemi Enhances Intelligent Sensing Portfolio with Acquisition of SWIR Vision Systems

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--As part of onsemi's continuous drive to provide the most robust, cutting-edge technologies for intelligent image sensing, the company announced today it has complet...

12 days ago - Business Wire

Onsemi to invest up to $2 bln in Czech semiconductor plant

U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European capacity as the European Union seeks ...

25 days ago - Reuters

onsemi Selects the Czech Republic to Establish End-to-End Silicon Carbide Production for Advanced Power Semiconductors

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Electrification, renewables and artificial intelligence are global megatrends converging and driving unprecedented demands for advanced power semiconductors capable...

25 days ago - Business Wire

Investors who lost money with shares of ON Semiconductor Corporation (NASDAQ: ON) should contact the Shareholders Foundation in connection with Lawsuit

A lawsuit was filed for certain investors in ON Semiconductor Corporation shares. Investors in NASDAQ: ON should contact the Shareholders Foundation.

27 days ago - GlobeNewsWire

Tech Stocks Are Slipping. Microsoft, On Semi, and More Are in Focus

Microsoft has had to delay an AI-powered feature on its PCs over privacy concerns.

Other symbols: MSFT
4 weeks ago - Barrons

Onsemi to cut 1,000 jobs globally

Chipmaker Onsemi said on Thursday it would cut its global workforce by about 1,000 employees, as part of its previously announced strategy to optimize its manufacturing network and streamline global p...

4 weeks ago - Reuters

ON Semiconductor Well Positioned For Cyclical Recovery: Analyst

Needham analyst Quinn Bolton reiterated ON Semiconductor Corp ON with a Buy rating and a $92 price target.

4 weeks ago - Benzinga

Onsemi aims to improve AI power efficiency with silicon carbide chips

Onsemi on Wednesday unveiled a lineup of chips designed to make the data centers that power artificial intelligence services more energy efficient by borrowing a technology it already sells for electr...

5 weeks ago - Reuters

onsemi Unveils Complete Power Solution to Improve Energy Efficiency for Data Centers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--What's New: As data centers become increasingly power-hungry to support the tremendous processing requirements of AI workloads, the need for boosting energy efficie...

5 weeks ago - Business Wire

SEMIFIVE Signs MOU with Atron Technologies to Collaborate on Semiconductor Design

Expected to expand global business in the Chinese market SEOUL, South Korea , May 23, 2024 /PRNewswire/ -- SEMIFIVE, a leading design solution provider and pioneer of platform-based custom silicon sol...

7 weeks ago - PRNewsWire

Chip Sales Doing Well Globally: Semiconductor Stocks to Watch

Overall chip sales are doing well globally, notes Michael Robinson. He ad Olivier Blanchard discuss semiconductor stocks to watch.

Other symbols: NXPI
2 months ago - Schwab Network

ON, NXPI: Outlook for Auto Chip Makers

Markets are higher as last week's rally continues. Lamar Villere discusses the outlook for auto chip makers.

Other symbols: NXPI
2 months ago - Schwab Network

Onsemi beats quarterly estimates, reports stable margins

Chipmaker Onsemi beat Wall Street expectations for quarterly revenue and profit on Monday and reported a stable gross margin due to lowered costs, in the face of weakening electric vehicle sales.

2 months ago - Reuters

ON Semiconductor Earnings Beat but Guidance Disappoints

The company posted first-quarter adjusted earnings of $1.08 a share on revenue of $1.86 billion.

2 months ago - Barrons

onsemi First Quarter 2024 Results Exceed Expectations

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (the “Company”) (Nasdaq: ON) today announced results for the first quarter of 2024 with the following highlights: Revenue of $1,862.7 million GAAP gross marg...

2 months ago - Business Wire

SoFi, ON Semiconductor, Amazon, Super Micro, and Other Tech Stocks in Focus Today

Tech stocks are rising to start a busy week of earnings as the sector looks to end a difficult month in style.

Other symbols: AMZNSMCISOFI
2 months ago - Barrons

How the E.V. Slowdown Has Impacted OnSemi (ON)

OnSemi (ON) reports earnings on Monday, premarket. George Tsilis discusses what to watch when OnSemi reports earnings.

2 months ago - Schwab Network

Meta, Super Micro, Texas Instruments, ON Semiconductor, AMD, and Other Tech Stocks in Focus Today

The tech stock rebound accelerates Wednesday, led by the Magnificent 7 group.

Other symbols: AMDMETASMCITXN
2 months ago - Barrons

Sell ON Semiconductor, Analysts Say. Demand Challenges Could Be Ahead.

BNP Paribas analysts cut their rating on the semiconductor company to Underperform from Neutral.

3 months ago - Barrons

onsemi to Announce First Quarter Financial Results

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) plans to announce its financial results for the first quarter, which ended March 29, 2024, before the market opens on Monday, April 29, 2024. Th...

3 months ago - Business Wire