ON Semiconductor Corporation’s Stock Price Skyrockets to $39.20, Registering a Stellar 22.69% Increase

ON Semiconductor Corporation (ON)

39.20 USD +7.25 (+22.69%) Volume: 28.29M

ON Semiconductor Corporation’s stock price surged +22.69% in the latest trading session to close at $39.20, backed by a strong trading volume of 28.29M shares, despite experiencing a YTD decrease of -37.83%, highlighting the volatile nature of ON’s stock performance.

Latest developments on ON Semiconductor Corporation

ON Semiconductor Corporation’s stock price experienced a turbulent day as it hit a 52-week low at $33.19 amidst market shifts. The company’s performance stood out among competitors, but faced challenges with KeyBanc cutting its price target to $55 due to weakening demand trends. On the bright side, Cyient announced the launch of a semiconductor subsidiary to tap into the global chip market, investing $100 million in the venture. Meanwhile, the semiconductor industry saw significant growth in Guangzhou and positive signals from Chinese equipment makers. As the market navigates tariff turmoil and tech breakthroughs, investors are closely watching semiconductor stocks like ON Semiconductor for potential movements in the near future.

ON Semiconductor Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma are optimistic about On Semiconductor, with a bullish lean on the company’s growth potential. The recent earnings calls for the fourth quarter and full year of 2024 revealed a mixed set of results, driven by strategic decisions and challenging market conditions. On Semiconductor reported a revenue of $7.1 billion for the full year, with a non-GAAP gross margin of 45.5%, showcasing a commitment to their transformation strategy focusing on intelligent power and sensing technologies in key sectors like automotive, industrial, and AI data centers.

Furthermore, Baptista Research‘s analysis of On Semiconductor Corporation’s recent earnings report for the third quarter of 2024 highlights the company’s mass market strategy and effective inventory management as key drivers of optimism. Despite macroeconomic challenges, the company met or exceeded its guidance midpoint for revenue, gross margin, and earnings per share, demonstrating operational resilience in softer market conditions. Baptista Research aims to evaluate various factors influencing the company’s stock price in the near future and conduct 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 has a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Value and Growth, the company is positioned well for potential future success. Its focus on supplying analog, standard logic, and discrete semiconductors for data and power management aligns with current market demands.

However, On Semiconductor‘s lower scores in Dividend, Resilience, and Momentum indicate areas where the company may face challenges. Investors should consider these factors when evaluating the company’s overall performance and potential for long-term growth. Overall, On Semiconductor‘s strong Value and Growth scores suggest a promising future, but careful consideration of all Smart Scores is essential for a comprehensive assessment.

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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