Latest news with #ONSemiconductorCorp
San Francisco Chronicle
04-08-2025
- Business
- San Francisco Chronicle
ON Semiconductor Corp.: Q2 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported second-quarter earnings of $170.3 million. On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 41 cents. Earnings, adjusted for one-time gains and costs, came to 53 cents per share. The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. The semiconductor components maker posted revenue of $1.47 billion in the period, topping Street forecasts. Twelve analysts surveyed by Zacks expected $1.45 billion. For the current quarter ending in September, ON Semiconductor Corp. expects its per-share earnings to range from 54 cents to 64 cents. The company said it expects revenue in the range of $1.47 billion to $1.57 billion for the fiscal third quarter. _____
Yahoo
25-06-2025
- Business
- Yahoo
ON Semiconductor Corp. (ON) Outperforms Broader Market: What You Need to Know
ON Semiconductor Corp. (ON) closed the most recent trading day at $54.21, moving +1.95% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.19%, and the technology-dominated Nasdaq saw an increase of 1.43%. The stock of semiconductor components maker has risen by 28.83% in the past month, leading the Computer and Technology sector's gain of 5.67% and the S&P 500's gain of 3.92%. The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.54, reflecting a 43.75% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.45 billion, showing a 16.44% drop compared to the year-ago quarter. ON's full-year Zacks Consensus Estimates are calling for earnings of $2.31 per share and revenue of $5.9 billion. These results would represent year-over-year changes of -41.96% and -16.64%, respectively. Investors should also note any recent changes to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.61% lower. Currently, ON Semiconductor Corp. is carrying a Zacks Rank of #3 (Hold). Looking at its valuation, ON Semiconductor Corp. is holding a Forward P/E ratio of 23.02. Its industry sports an average Forward P/E of 40.03, so one might conclude that ON Semiconductor Corp. is trading at a discount comparatively. Investors should also note that ON has a PEG ratio of 4.34 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 2.11. The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 40% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know
ON Semiconductor Corp. (ON) closed the most recent trading day at $53.80, moving +2.71% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.63%. Prior to today's trading, shares of the semiconductor components maker had gained 17.39% over the past month. This has outpaced the Computer and Technology sector's gain of 11.3% and the S&P 500's gain of 6.29% in that time. Market participants will be closely following the financial results of ON Semiconductor Corp. in its upcoming release. On that day, ON Semiconductor Corp. is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 43.75%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, down 16.44% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $2.31 per share and revenue of $5.9 billion, which would represent changes of -41.96% and -16.64%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for ON Semiconductor Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.4% lower. ON Semiconductor Corp. currently has a Zacks Rank of #3 (Hold). From a valuation perspective, ON Semiconductor Corp. is currently exchanging hands at a Forward P/E ratio of 22.67. This valuation marks a discount compared to its industry's average Forward P/E of 36.47. One should further note that ON currently holds a PEG ratio of 4.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor - Analog and Mixed was holding an average PEG ratio of 2.12 at yesterday's closing price. The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 144, placing it within the bottom 42% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know
ON Semiconductor Corp. (ON) has been one of the most searched-for stocks on lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this semiconductor components maker have returned +24.9% over the past month versus the Zacks S&P 500 composite's +12.7% change. The Zacks Semiconductor - Analog and Mixed industry, to which ON Semiconductor Corp. belongs, has gained 30.7% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. ON Semiconductor Corp. is expected to post earnings of $0.54 per share for the current quarter, representing a year-over-year change of -43.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.3%. For the current fiscal year, the consensus earnings estimate of $2.32 points to a change of -41.7% from the prior year. Over the last 30 days, this estimate has changed -6.5%. For the next fiscal year, the consensus earnings estimate of $3.13 indicates a change of +34.8% from what ON Semiconductor Corp. is expected to report a year ago. Over the past month, the estimate has changed -12.6%. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, ON Semiconductor Corp. is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. In the case of ON Semiconductor Corp. the consensus sales estimate of $1.45 billion for the current quarter points to a year-over-year change of -16.5%. The $5.9 billion and $6.46 billion estimates for the current and next fiscal years indicate changes of -16.7% and +9.5%, respectively. ON Semiconductor Corp. reported revenues of $1.45 billion in the last reported quarter, representing a year-over-year change of -22.4%. EPS of $0.55 for the same period compares with $1.08 a year ago. Compared to the Zacks Consensus Estimate of $1.41 billion, the reported revenues represent a surprise of +2.88%. The EPS surprise was +7.84%. Over the last four quarters, ON Semiconductor Corp. surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. ON Semiconductor Corp. is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about ON Semiconductor Corp. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
05-05-2025
- Business
- San Francisco Chronicle
ON Semiconductor Corp.: Q1 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — ON Semiconductor Corp. (ON) on Monday reported a loss of $486.1 million in its first quarter. On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of $1.15. Earnings, adjusted for one-time gains and costs, were 55 cents per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. The semiconductor components maker posted revenue of $1.45 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $1.41 billion. For the current quarter ending in June, ON Semiconductor Corp. expects its per-share earnings to range from 48 cents to 58 cents. The company said it expects revenue in the range of $1.4 billion to $1.5 billion for the fiscal second quarter. _____
