ON Semiconductor Corporation (ON)
74.87 USD -2.30 (-2.98%) Volume: 9.73M
ON Semiconductor Corporation’s stock price experiences a dip, currently trading at 74.87 USD, a decrease of 2.98% this trading session. Despite a high trading volume of 9.73M, the stock shows a year-to-date percentage change of -10.37%, indicating a challenging market performance for ON.
Latest developments on ON Semiconductor Corporation
ON Semiconductor Corp. (ON) has outperformed the broader market due to key events in the global semiconductor industry. Amidst the ongoing chip war between the US and China, the Biden administration is strengthening the semiconductor infrastructure, highlighting Arizona as a hotspot. Globally, countries like India, UK, and Malaysia are also investing heavily in semiconductor research and manufacturing, with India’s PM Modi laying the foundation for three new projects and the UK chipping in $44M for semiconductor funding. These movements suggest a positive outlook for ON Semiconductor and its stock price.
ON Semiconductor Corporation on Smartkarma
On Semiconductor, a leading global supplier of semiconductor-based solutions, has recently been the subject of in-depth analysis by top independent analysts on Smartkarma, a reputable investment research network. According to a recent report by Baptista Research, ON Semiconductor has shown impressive growth in its silicon carbide business in the fourth quarter of 2023. Despite challenging market conditions, the company has managed to transform and mitigate headwinds, resulting in a non-GAAP gross margin of 46.7%. This exceeded previous expectations and reflects significant structural adjustments made by the company over the past three years.
In another report by Baptista Research, ON Semiconductor is praised for its revolutionary work in industrial and commercial imaging. The company has achieved a revenue of $2.18 billion in the quarter, surpassing expectations and delivering a positive result. This success is attributed to strong demand for both silicon and silicon carbide in the Automotive and Industrial segments. Furthermore, ON Semiconductor has recently completed the expansion of the world’s largest silicon carbide fab in Bucheon, positioning the company to manufacture over 1 million 200-millimeter silicon carbide wafers annually.
A look at ON Semiconductor Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
The long-term outlook for On Semiconductor looks promising, according to the Smartkarma Smart Scores. This company, which supplies analog, standard logic, and discrete semiconductors, has received a score of 5 for growth. This indicates that On Semiconductor is expected to experience significant growth in the future, making it an appealing investment opportunity.
In addition to growth, On Semiconductor has also received a score of 3 for both value and resilience. This means that the company is considered to have a good financial standing and is likely to be able to withstand any potential challenges in the market. With a momentum score of 3 as well, it seems that On Semiconductor is on a steady upward trajectory.
However, it’s worth noting that On Semiconductor has received a lower score of 1 for dividends. This means that the company may not be the best choice for investors looking for consistent and substantial dividend payouts. Overall, based on its Smartkarma Smart Scores, On Semiconductor appears to be a solid choice for long-term growth and stability in the semiconductor industry.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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