ON Semiconductor Corporation’s Stock Price Soars to $70.82, Witnessing a Robust Increase of 4.06%

ON Semiconductor Corporation (ON)

70.82 USD +2.76 (+4.06%) Volume: 13.46M

ON Semiconductor Corporation’s stock price stands at 70.82 USD, surging by +4.06% this trading session with a trading volume of 13.46M, despite a YTD decrease of -15.22%. Explore ON’s dynamic stock performance to inform your investment strategy.

Latest developments on ON Semiconductor Corporation

On Semiconductor‘s stock price has been on the move, following the company’s impressive Q1 performance that surpassed market expectations. Despite the challenging market conditions and a soft outlook, the chipmaker managed to beat its Q1 goals. Analysts have noted that ON Semiconductor is currently at a ‘cyclical trough’, predicting a 25% upside. However, concerns about excess inventory risk and expanding export restrictions on semiconductor technology persist. The company’s Q1 sales numbers held no surprises, but its quarterly guidance underwhelmed some investors.

ON Semiconductor Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma have published two bullish reports on On Semiconductor. The first report titled “ON Semiconductor Corporation: Growth in Silicon Carbide Business” highlights the company’s impressive performance in the fourth quarter of 2023. Despite challenging market conditions, ON Semiconductor achieved non-GAAP gross margins of 46.7%, exceeding expectations. The second report, “ON Semiconductor Corporation: Revolutionizing Industrial and Commercial Imaging! – Major Drivers,” focuses on the company’s revenue growth and success in the Automotive and Industrial segments. ON Semiconductor’s recent expansion of the world’s largest silicon carbide fab in Bucheon positions it as a key player in the industry.

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 Corporation, a supplier of analog, standard logic, and discrete semiconductors for data and power management, has received mixed ratings based on Smartkarma Smart Scores. While the company scores high in areas such as growth and momentum, with a score of 5 each, it falls short in terms of dividend, scoring only 1. This indicates that On Semiconductor may not be a top choice for investors seeking regular income through dividends. However, its strong performance in growth and momentum suggests a positive long-term outlook for the company.

Despite its lower score in the dividend category, On Semiconductor‘s overall outlook remains optimistic, with an overall Smart Score of 3. The company’s focus on supplying integrated circuits and analog ICs for data and power management positions it well for future growth. Additionally, its resilience score of 3 indicates a certain level of stability and ability to weather market fluctuations. With a balanced mix of strengths and weaknesses, On Semiconductor appears to be a promising investment option for those looking to capitalize on the company’s growth potential in the semiconductor industry.

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