ON Semiconductor Corporation (ON)
39.96 USD +3.34 (+9.12%) Volume: 13.18M
ON Semiconductor Corporation’s stock price soared to $39.96, marking a significant trading session increase of +9.12% with a robust trading volume of 13.18M, despite a year-to-date percentage change of -36.62%, reflecting the dynamic performance of ON’s stock in the market.
Latest developments on ON Semiconductor Corporation
On Semiconductor (ON) has been in the spotlight recently as B. Riley downgraded the stock due to a weak outlook and unclear inflection, adjusting the price target from $73 to $41. Despite this, the company’s stock outperformed competitors on a strong trading day. Market whales have been making bets on ON Semiconductor options, while concerns about revenue and potential effects of tariffs on the semiconductor industry continue to linger. With promising growth in the automotive and AI sectors, ON Semiconductor is navigating through a volatile market impacted by trade tensions and economic uncertainties.
ON Semiconductor Corporation on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are optimistic about On Semiconductor Corporation’s growth and market positioning. According to their research reports, the company’s latest earnings call for the fourth quarter and full year 2024 showed a mixed set of results. Despite challenging market conditions, On Semiconductor‘s revenue for the full year was $7.1 billion, with a non-GAAP gross margin of 45.5%. This reflects the company’s commitment to their transformation strategy focusing on intelligent power and sensing technologies, particularly in automotive, industrial, and AI data centers.
Furthermore, Baptista Research also highlights On Semiconductor Corporation’s mass market strategy and inventory management as major drivers of optimism. The company’s recent earnings report for the third quarter of 2024 indicated a balance between challenges in the macroeconomic environment and strategic developments positioning the company for long-term growth. Despite softer market conditions, On Semiconductor met or exceeded its guidance midpoint for revenue, gross margin, and earnings per share, showcasing operational resilience. Baptista Research aims to evaluate different factors influencing the company’s price in the near future and conduct an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at ON Semiconductor Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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 Corporation is positioned well for long-term success based on its Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, the company shows promise in its overall outlook. The high scores in Value and Growth indicate that On Semiconductor is undervalued and has potential for future growth. Additionally, its resilience score suggests that the company is well-equipped to handle challenges and maintain stability. While the dividend score is lower, the overall positive ratings in other areas bode well for On Semiconductor‘s future prospects in the semiconductor industry.
ON Semiconductor Corporation, a supplier of analog, standard logic, and discrete semiconductors, is rated highly in Value, Growth, Resilience, and Momentum according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of its financial health, growth potential, stability, and market performance. With a focus on data and power management products, including integrated circuits and analog ICs, On Semiconductor is well-positioned to continue providing innovative solutions to its customers. Despite a lower score in Dividend, the overall positive ratings highlight On Semiconductor‘s strength and potential in the semiconductor market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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