ON Semiconductor Corporation’s Stock Price Plummets to $66.64, Marking a Sharp 5.61% Decline

ON Semiconductor Corporation (ON)

66.64 USD -3.96 (-5.61%) Volume: 7.45M

ON Semiconductor Corporation’s stock price currently stands at 66.64 USD, experiencing a decrease of -5.61% in the latest trading session with a volume of 7.45M, reflecting a negative year-to-date (YTD) change of -20.22%, highlighting the company’s volatile market performance.

Latest developments on ON Semiconductor Corporation

ON Semiconductor Corp. (ON) has been exceeding market returns, prompting investors to consider if they should retain their holdings. The company’s stock price has seen significant growth over the last decade, with major contributions from the robust global semiconductor industry. Despite a slight dip in global semiconductor equipment billings, the industry remains buoyant, fueled by the heat in AI gains. The company’s stock movement today also reflects its involvement in various initiatives, such as enhancing semiconductor supply chains and quality systems, and the potential impact of subsidy support measures.

ON Semiconductor Corporation on Smartkarma

Analysts at Baptista Research have published two bullish research reports on On Semiconductor on Smartkarma. The first report, titled “ON Semiconductor Corporation: Growth in Silicon Carbide Business,” highlights the company’s remarkable achievements in the fourth quarter of 2023. Despite challenging market conditions, ON Semiconductor exceeded expectations with non-GAAP gross margins of 46.7%. The second report, “ON Semiconductor Corporation: Revolutionizing Industrial and Commercial Imaging! – Major Drivers,” praises the company for achieving a revenue of $2.18 billion and driving significant revenue in the Automotive and Industrial segments through robust demand for silicon and silicon carbide.

A look at ON Semiconductor Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

On Semiconductor, a company that supplies analog, standard logic, and discrete semiconductors for data and power management, has received mixed ratings in its long-term outlook according to Smartkarma Smart Scores. While the company scored high in Growth, indicating a positive outlook for future expansion and development, it scored lower in Dividend, suggesting a weaker performance in terms of dividend payouts to investors. Overall, with a balanced score in Value and Resilience, and a moderate score in Momentum, On Semiconductor seems to have a stable but not exceptional long-term outlook.

Despite its strong position in Growth, On Semiconductor may face challenges in terms of generating dividends for its investors, as indicated by its lower score in Dividend. However, with moderate scores in Value, Resilience, and Momentum, the company appears to have a solid foundation for future growth and sustainability. As a supplier of integrated circuits and analog ICs, as well as discrete semiconductors in various packages, On Semiconductor is well-positioned to capitalize on the increasing demand for semiconductor products in the data and power management sectors.

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