ON Semiconductor Corporation’s Stock Price Plummets to $31.95, Marking a Steep 8.92% Decline

ON Semiconductor Corporation (ON)

31.95 USD -3.13 (-8.92%) Volume: 14.21M

ON Semiconductor Corporation’s stock price stands at 31.95 USD, experiencing a drop of -8.92% this trading session with a trading volume of 14.21M. Year-to-date, the stock has seen a significant decrease of -49.33%, highlighting the need for potential investors to closely monitor its performance.

Latest developments on ON Semiconductor Corporation

Key events leading up to today’s movements in ON Semiconductor stock price include KeyBanc cutting the price target to $55 from $60, citing weakening demand trends. Additionally, ON Semiconductor stock hit a 52-week low at $33.19 amid market shifts. Tariff turbulence, such as President Trump announcing 32% tariffs on Taiwan, has also impacted semiconductor stocks, leading to KeyBanc keeping an overweight rating on ON Semiconductor but lowering the price target. In other news, Cyient announced a $100 million investment in its semiconductor subsidiary, tapping into the global chip market. With the semiconductor industry strategy focusing on innovation and growth, these developments are key factors influencing the stock price movements of ON Semiconductor today.

ON Semiconductor Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on On Semiconductor, citing factors like the company’s focus on intelligent power and sensing technologies in automotive, industrial, and AI data centers. According to their research report titled “ON Semiconductor: Silicon Carbide Growth & Market Positioning Driving Our Optimism!”, the company’s revenue for the full year was $7.1 billion, with a non-GAAP gross margin of 45.5%. This strategic direction has led to optimism among analysts about the company’s future growth prospects.

In another report titled “ON Semiconductor Corporation: Mass Market Strategy & Inventory Management Driving Our Optimism! – Major Drivers”, Baptista Research highlights the company’s operational resilience despite softer market conditions. The report discusses ON Semiconductor Corporation’s recent earnings report for the third quarter of 2024, where the company met or exceeded its guidance midpoint for revenue, gross margin, and earnings per share. Analysts are optimistic about the company’s mass market strategy and inventory management, positioning it for long-term growth.

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 on its long-term outlook based on the Smartkarma Smart Scores. While the company scores high in areas such as value and growth, with scores of 4 each, it falls short in dividend and momentum, receiving scores of 1 and 2 respectively. This indicates a positive overall outlook for On Semiconductor, with strong potential for value and growth in the future.

Despite facing challenges in areas such as dividend and momentum, On Semiconductor remains a resilient player in the semiconductor industry. With a Smart Score of 3 for resilience, the company demonstrates its ability to weather economic uncertainties and market fluctuations. By focusing on its strengths in value and growth, On Semiconductor is well-positioned to continue supplying analog, standard logic, and discrete semiconductors for data and power management in the long term.

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