Group 1 - ON Semiconductor Corp. closed at 0.99, reflecting a 20.8% decline year-over-year, and revenue is projected at $1.76 billion, indicating a 12.73% drop compared to the same quarter last year [2] - Recent analyst estimate revisions are crucial as they indicate near-term business trends, with positive revisions suggesting optimism about the company's profitability [3] Group 2 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates ON Semiconductor Corp. currently holds a Zacks Rank of 4 (Sell), with the consensus EPS estimate having increased by 0.18% over the past month [5] - ON Semiconductor Corp. has a Forward P/E ratio of 14.6, significantly lower than the industry average of 36.43, and a PEG ratio of 6.27 compared to the industry average PEG ratio of 2.42 [6] - The Semiconductor - Analog and Mixed industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 190, placing it in the bottom 25% of over 250 industries, indicating weaker performance compared to higher-ranked industries [7]
Why ON Semiconductor Corp. (ON) Outpaced the Stock Market Today