ON Semiconductor Corp. (ON) Declines More Than Market: Some Information for Investors

Group 1: Stock Performance - ON Semiconductor Corp. ended the latest trading session at $42.15, reflecting a -1.63% adjustment from the previous day's close, which lagged behind the S&P 500's daily loss of 0.91% [1] - The stock has experienced a decline of 14.4% over the past month, underperforming the Computer and Technology sector's loss of 10.57% and the S&P 500's loss of 7.38% [1] Group 2: Earnings Expectations - Analysts expect ON Semiconductor Corp. to report earnings of$ 0.51 per share in the upcoming release, indicating a year-over-year decline of 52.78% [2] - The consensus estimate anticipates revenue of $1.41 billion, representing a 24.54% decrease from the same quarter last year [2] Group 3: Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of$ 2.49 per share and revenue of $6.07 billion, reflecting changes of -37.44% and -14.3%, respectively, from the prior year [3] Group 4: Analyst Estimates and Rankings - Recent changes to analyst estimates for ON Semiconductor Corp. indicate short-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system currently assigns ON Semiconductor Corp. a rank of 5 (Strong Sell), with the consensus EPS estimate having decreased by 18.12% over the last 30 days [6] Group 5: Valuation Metrics - ON Semiconductor Corp. has a Forward P/E ratio of 17.23, which is lower than the industry average of 30.9, indicating that the company is trading at a discount compared to its peers [7] - The company holds a PEG ratio of 13.46, significantly higher than the industry average PEG ratio of 1.95, suggesting a disparity in expected earnings growth [8] Group 6: Industry Context - The Semiconductor - Analog and Mixed industry, part of the Computer and Technology sector, currently holds a Zacks Industry Rank of 205, placing it in the bottom 19% of over 250 industries [8]