ON Semiconductor Corporation’s Stock Price Tumbles to $34.88, Reflecting a Sharp 11.02% Decline

ON Semiconductor Corporation (ON)

34.88 USD -4.32 (-11.02%) Volume: 17.67M

ON Semiconductor Corporation’s stock price stands at 34.88 USD, experiencing a significant drop of -11.02% in the latest trading session with a high volume of 17.67M shares traded, marking a considerable YTD decrease of -44.68%, spotlighting the volatility and performance of ON’s stock in the market.

Latest developments on ON Semiconductor Corporation

ON Semiconductor Corporation (ON) has been in the spotlight recently with various events impacting its stock price movements. From technical analysis suggesting the stock is not a bargain to outperforming competitors on strong trading days, ON Semiconductor has seen its fair share of ups and downs. The global semiconductor industry has also been making headlines, with China finding a rare mineral to rival the US in chip production and Marvell Group expanding cooperation in human resource training. Additionally, news of President Trump announcing tariffs on Taiwan has raised questions about the semiconductor market. Despite this, KeyBanc has cut the price target on ON Semiconductor, while reports indicate that semiconductor equipment billings rose in 2024. With a mix of market trends and geopolitical factors at play, investors are closely watching ON Semiconductor’s movements in the ever-evolving semiconductor industry.

ON Semiconductor Corporation on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are bullish on On Semiconductor, citing factors like the company’s focus on silicon carbide growth and market positioning. According to their research reports, On Semiconductor‘s latest earnings call for the fourth quarter and full year 2024 showed a mixed set of results, with a revenue of $7.1 billion and a non-GAAP gross margin of 45.5%. The company’s strategic decisions in intelligent power and sensing technologies, especially in automotive, industrial, and AI data centers, are driving optimism among analysts.

Baptista Research also highlights On Semiconductor Corporation’s mass market strategy and inventory management as key drivers of optimism. The company’s recent earnings report for the third quarter of 2024 demonstrated operational resilience despite softer market conditions. Analysts noted that On Semiconductor met or exceeded its guidance midpoint for revenue, gross margin, and earnings per share. Baptista Research is evaluating various factors that could impact the company’s stock price in the near future and is conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.

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 reviews in terms of its long-term outlook according to Smartkarma Smart Scores. While the company scores high in areas such as value and growth, with a score of 4 out of 5 for both factors, its dividend and momentum scores are lower at 1 and 2 respectively. This indicates that while On Semiconductor may be a solid investment in terms of value and potential growth, investors should be cautious of its dividend payouts and momentum in the market.

Despite its lower scores in dividend and momentum, On Semiconductor remains a strong player in the semiconductor industry, offering a variety of integrated circuits and analog ICs for data and power management. With a resilience score of 3, the company shows promise in weathering market fluctuations. Overall, while On Semiconductor may not be the top choice for dividend-focused investors, its strong value and growth scores suggest a positive long-term outlook for the company in the semiconductor market.

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