Key TakeawaysOnsemi shares surged Monday after the chipmaker reported better-than-expected revenue and highlighted gains in the automotive industry.Onsemi recently signed an agreement with Volkswagon to supply the automaker with chips for its electric vehicles.The company provided guidance for the coming quarter that was in line with analysts' expectations. Onsemi's (ON) stock price soared over 13% in early trading Monday, leading gains on the S&P 500 after the chipmaker reported better-than-expected revenu ...

ON Semiconductor Corp. (ON) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.04 per share when it actually produced earnings of $1.08, delivering a surprise of 3.85%.Over the last f ...

Exhibit 99.1 onsemi Announces Second Quarter 2024 Results Free cash flow increase of ~$250 million year over year SCOTTSDALE, Ariz., – July 29, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the second quarter of 2024 with the following highlights: • Revenue of $1,735.2 million • GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively • GAAP operating margin and non-GAAP operating margin of 22.4% and 27.5%, respectively • GAAP diluted earnings per share and non-G ...

The upcoming report from ON Semiconductor Corp. (ON) is expected to reveal quarterly earnings of $0.92 per share, indicating a decline of 30.8% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing a decrease of 17.3% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior t ...

The latest trading session saw ON Semiconductor Corp. (ON) ending at $76.37, denoting a -0.65% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.4%.Shares of the semiconductor components maker have appreciated by 6.81% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.Investors will be eagerly watching for the performan ...

Now might be a great time to bite the bullet and buy this semiconductor stock on a dip.Nvidia is a great company and a great stock, but it currently trades on slightly more than 50 times Wall Street's 2024 earnings estimates. That's fine for many investors willing to pay a premium for a high-quality growth stock, but for investors who are willing to take some near-term risk on board, ON Semiconductor (ON 3.54%) might be a better option. Here's why.Cyclicality matters for semiconductor stocksSemiconductors a ...

The electric vehicle (EV) market has slowed in 2024 but is poised for explosive growth over the next decade. As the global economy shifts to greener and more sustainable energy solutions, finding the best EV stocks to buy will be a strategic move.One of the significant factors influencing the EV market is the interest rate environment. Lower interest rates can significantly impact the growth of the EV sector. They reduce the cost of borrowing for companies, making it much easier to invest in innovation.Addi ...

Core Viewpoint - ON Semiconductor is significantly investing in silicon carbide (SiC) manufacturing in Europe to meet the growing global demand for energy-efficient power semiconductors, particularly in sectors like electric vehicles, renewable energy, and AI data centers [1][2]. Group 1: Investment and Expansion - The company plans to invest up to $2 billion (44 billion CZK) in a vertically-integrated SiC manufacturing facility in the Czech Republic [1]. - This multi-year investment highlights ON's commitment to enhancing its capabilities in SiC manufacturing and contributing to the semiconductor value chain in Europe [1]. Group 2: Market Demand and Performance - ON Semiconductor's SiC solutions are increasingly popular in automotive and industrial applications, driving significant growth [2]. - In Q1 2024, over 50% of the substrates for ON's silicon carbide business came from internal production, indicating strong operational performance [2]. Group 3: Strategic Partnerships - ON Semiconductor has extended its silicon carbide partnership with BorgWarner, integrating EliteSiC technology for improved efficiency in EV traction inverters [3]. - Volkswagen is utilizing ON's EliteSiC technology in its electric vehicles, specifically in the 1200 V silicon carbide power module for traction inverters [3]. - A long-term supply agreement with Magna International aims to incorporate ON's EliteSiC solutions into Magna's eDrive systems, enhancing electric vehicle performance [3]. Group 4: Financial Outlook - Despite a broadening portfolio and strong partnerships, ON Semiconductor faces macroeconomic uncertainties, with its stock declining 17.3% year to date compared to the Zacks Computer & Technology sector's growth of 25.7% [4]. - The company expects Q2 2024 revenues to be between $1.68 billion and $1.78 billion, with a consensus estimate of $1.73 billion, reflecting a year-over-year decline of 17.32% [4]. - Non-GAAP earnings are projected to be between 86 cents and 98 cents per share, with a consensus estimate of 93 cents, indicating a year-over-year fall of 30.8% [4].

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ON Semiconductor Corp. (ON) .ON Semiconductor Corp. currently has ...

SAN DIEGO, June 17, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in ON Semiconductor Corporation (NASDAQ: ON) shares. The lawsuit seeks to recover losses for certain NASDAQ: ON shares. Investors, who purchased ON Semiconductor Corporation (NASDAQ: ON) shares and continue to hold any of those NASDAQ: ON shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - ...