ON Semiconductor Corp. (ON) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.21 per share when it actually produced earnings of $1.25, delivering a surprise of 3.31%.Over the last f ...

Exhibit 99.1 onsemi First Quarter 2024 Results Exceed Expectations Increased free cash flow approximately 3x year-over-year SCOTTSDALE, Ariz, – Apr 29, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the first quarter of 2024 with the following highlights: "The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions," said Hassane El-Khoury, president and chief executive officer of onse ...

Core Viewpoint - ON Semiconductor Corp. is expected to report a quarterly earnings per share (EPS) of $1.05, reflecting an 11.8% year-over-year decline, with revenues projected at $1.85 billion, down 5.5% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 0.1% in the last 30 days, indicating a reassessment by analysts [1] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [1] Revenue Projections - Analysts project 'Revenue- Market- Automotive' to be $1.04 billion, representing a 5% increase from the prior year [2] - 'Revenue- Market- Industrial' is expected to reach $456 million, indicating an 18% decline year-over-year [2] - The estimate for 'Revenue- Market- Others' is $358.68 million, reflecting a 14.1% decrease from the previous year [2] Stock Performance - Over the past month, ON Semiconductor shares have decreased by 15.4%, compared to a 3% decline in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near term [3]

ON Semiconductor Corp. (ON) closed the most recent trading day at $60.05, moving -1.09% from the previous trading session. This change lagged the S&P 500's 0.87% gain on the day. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 1.11%.The semiconductor components maker's shares have seen a decrease of 18.71% over the last month, not keeping up with the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3.97%.The investment community will be closely ...

ON Semiconductor Corp. (ON) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about ON Semiconductor Corp. (ON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ON Semiconductor Corp ...

In the latest trading session, ON Semiconductor Corp. (ON) closed at $70.59, marking a +1.96% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.74%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.Shares of the semiconductor components maker witnessed a loss of 13.34% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.95% and the S&P 500's gain of 0.8%.Investors will ...

ON Semiconductor Corp. (ON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this semiconductor components maker have returned -16.7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Semiconductor - Analog and Mixed industry, to which ON Semiconductor Corp. belongs, has lost 4.7% over this period. Now the key question is: Wh ...

The electric vehicle (EV) revolution is in full swing, with established automakers and innovative startups vying for market share. However, the notion of cheap EV stocks to buy is entirely relative, and a cheap valuation doesn’t always reflect the company’s long-term growth prospects. Over the last year, the global EV market saw slower growth rates as higher interest rates tempered demand. Furthermore, several EV startups went underwater, as they simply could not compete with the big players. While interest ...

The most recent trading session ended with ON Semiconductor Corp. (ON) standing at $75.78, reflecting a +0.28% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.32% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.2%.Shares of the semiconductor components maker witnessed a loss of 2.64% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.04% and the S&P 500's gain of 5.11%.The ...