ON Semiconductor Corporation’s Stock Price Plummets to $47.04, Marking a Sharp 8.21% Decline

ON Semiconductor Corporation (ON)

47.04 USD -4.21 (-8.21%) Volume: 23.54M

ON Semiconductor Corporation’s stock price stands at 47.04 USD, witnessing a significant dip of -8.21% in the current trading session, with a strong trading volume of 23.54M. The semiconductor giant’s stock performance has been on a downward trajectory, with a year-to-date percentage change of -24.65%.

Latest developments on ON Semiconductor Corporation

ON Semiconductor Corp. (ON) faced a challenging day in the market as it reported missing Q4 earnings and revenue estimates, leading to a drop in share prices. The semiconductor group’s performance was below expectations due to soft demand, causing Onsemi stock to sink further on worse-than-expected results and outlook. Despite reporting earnings, ON Semiconductor’s Q1 guidance underwhelmed investors amidst a market downturn, resulting in a decline in stock prices. The company’s CEO highlighted weak demand in the auto and industrial sectors, low utilization rates impacting margins, and warned of challenges in 2025. As a result, ON Semiconductor’s stock plummeted over 6% after missing financial projections, hitting alarmingly low levels and turning extremely bearish. With a disappointing forecast, the company faces decline amid the semiconductor industry’s volatile landscape.

ON Semiconductor Corporation on Smartkarma

Analysts at Baptista Research, a top independent research provider on Smartkarma, have published a bullish report on On Semiconductor Corporation. The report titled “ON Semiconductor Corporation: Mass Market Strategy & Inventory Management Driving Our Optimism! – Major Drivers” highlights the company’s recent earnings report for the third quarter of 2024. Despite challenges in the macroeconomic environment, On Semiconductor demonstrated operational resilience by meeting or exceeding its guidance midpoint for revenue, gross margin, and earnings per share. Baptista Research evaluates various factors influencing the company’s price in the near future and conducts 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 is poised for strong long-term growth, with a top score of 5 in the Growth category according to Smartkarma Smart Scores. This indicates that the company is well-positioned to expand its market share and increase its revenue over time. Additionally, On Semiconductor scores high in the Value category with a score of 4, suggesting that the company is currently undervalued compared to its peers. This combination of growth potential and value makes On Semiconductor an attractive investment opportunity for those looking to capitalize on the semiconductor industry.

However, it’s important to note that On Semiconductor scores lower in other areas such as Dividend, Resilience, and Momentum. With a score of 1 in the Dividend category, the company may not be a top choice for income-seeking investors. Its scores of 3 in Resilience and 2 in Momentum also indicate that On Semiconductor may face some challenges in terms of stability and market performance. Despite these factors, the company’s strong Growth and Value scores suggest that it has the potential to weather these challenges and continue to thrive in the long run.

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.
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