The Nasdaq and the S&P 500 have climbed roughly 9% in 2024, driven by projected Fed rate cuts, the AI boom, a stable U.S. economy, earnings growth, and more. The strong performance and outstanding showings from Nvidia, Constellation Energy, Meta, and others might have some investors worried about chasing possibly overheated stocks.Long-term investors shouldn’t worry too much about ‘missing the boat’ since time in the market is proven to work far better than market timing. That said, there is value in findin ...

ON Semiconductor Corp. (ON) closed at $82.59 in the latest trading session, marking a +1.21% move from the prior day. This change outpaced the S&P 500's 1.12% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.Prior to today's trading, shares of the semiconductor components maker had gained 0.84% over the past month. This has outpaced the Computer and Technology sector's loss of 0.4% and lagged the S&P 500's gain of 2.06% in that time.The investment community will be p ...

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.Over the past month, shares of this semiconductor components maker have returned +0.8%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Semiconductor - Analog and Mixed industry, which ON Semiconductor Corp. falls in, has gained 3.4%. The key question n ...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) today announced the formation of the Analog and Mixed-Signal Group (AMG) which will be led by newly appointed group president, Sudhir Gopalswamy. The group will be focused on expanding onsemi’s portfolio of industry-leading power management and sensor interface devices to unlock an additional $19.3 billion total addressable market and accelerate the company’s growth in the automotive, industrial and cloud-end markets. Additionally, Simon Keeton has ...

It has been about a month since the last earnings report for ON Semiconductor Corp. (ON) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is ON Semiconductor Corp. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. onsemi's Q4 Earnings Be ...

ON Semiconductor Corporation (NASDAQ:ON) Morgan Stanley Technology, Media & Telecom Conference March 5, 2024 5:50 PM ET Company Participants Hassane El-Khoury – Chief Executive Officer Thad Trent – Chief Financial Officer Conference Call Participants Joe Moore – Morgan Stanley Joe Moore Everybody, I’m Joe Moore, again, Morgan Stanley semiconductor research. Very happy to have the executive team from ON Semiconductor, Hassane El-Khoury, CEO; and Thad Trent, CFO. So I wonder if you guys could just start out. ...

ON Semiconductor Corporation (NASDAQ:ON) Morgan Stanley Technology, Media & Telecom Conference March 5, 2024 5:50 PM ET Company Participants Hassane El-Khoury – Chief Executive Officer Thad Trent – Chief Financial Officer Conference Call Participants Joe Moore – Morgan Stanley Joe Moore Everybody, I’m Joe Moore, again, Morgan Stanley semiconductor research. Very happy to have the executive team from ON Semiconductor, Hassane El-Khoury, CEO; and Thad Trent, CFO. So I wonder if you guys could just start out. ...

Core Viewpoint - ON Semiconductor Corp. has been trending recently, with a notable stock performance of +6.2% over the past month, outperforming the S&P 500 composite's +3.8% and the Zacks Semiconductor - Analog and Mixed industry’s +4.2% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for ON Semiconductor is projected at $1.06 per share, reflecting a decrease of -10.9% year-over-year, with a recent change of -6.2% in the Zacks Consensus Estimate [3] - For the current fiscal year, the consensus earnings estimate is $4.40, indicating a decline of -14.7% from the previous year, with an adjustment of -8.8% over the last 30 days [3] - The next fiscal year's consensus earnings estimate stands at $5.21, suggesting an increase of +18.4% compared to the prior year, although it has decreased by -9% recently [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.85 billion, which represents a year-over-year decline of -5.5% [5] - For the current fiscal year, the sales estimate is $7.6 billion, indicating a decrease of -7.9%, while the next fiscal year's estimate of $8.36 billion suggests a growth of +10% [5] Last Reported Results and Surprise History - In the last reported quarter, ON Semiconductor recorded revenues of $2.02 billion, a year-over-year decrease of -4.1%, with EPS of $1.25 compared to $1.32 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $2 billion by +0.7%, and the EPS surprise was +3.31% [7] - The company has consistently beaten consensus EPS and revenue estimates over the past four quarters [7] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether ON Semiconductor's stock is fairly valued compared to its historical values and peers [8] - The Zacks Value Style Score for ON Semiconductor is graded C, indicating that it is trading at par with its peers [9] Bottom Line - The information presented suggests that ON Semiconductor may perform in line with the broader market in the near term, as indicated by its Zacks Rank 3 [10]

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.Over the past month, shares of this semiconductor components maker have returned +13%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Semiconductor - Analog and Mixed industry, which ON Semiconductor Corp. falls in, has gained 5.7%. The key question no ...

Photo by Rafa Elias/Moment via Getty Images ON Semiconductor Corporation or onsemi (NASDAQ:ON) investors who decided to buy in November after its third-quarter earnings plunge have done well, outperforming the S&P 500 (SPX) (SPY) since my previous update. I highlighted the capitulation of ON in my November article, arguing why ON's valuation has normalized from its 2023 highs. As a result, it looked much more attractive, leading me to add exposure, given the fantastic dip-buying opportunity. As a result, I ...