ON - ON Semiconductor Corporation
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 18.83 |
| Open | 18.88 |
| Bid | 18.85 x 1100 |
| Ask | 18.86 x 800 |
| Day's Range | 18.45 - 19.22 |
| 52 Week Range | 8.17 - 25.92 |
| Volume | 2,415,342 |
| Avg. Volume | 9,630,415 |
| Market Cap | 7.753B |
| Beta (5Y Monthly) | 2.23 |
| PE Ratio (TTM) | 24.75 |
| EPS (TTM) | 0.76 |
| Earnings Date | Aug 03, 2020 - Aug 07, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 17.96 |
Fair Value
Related Research
- Business Wire
ON Semiconductor Appoints Bernie Colpitts, Jr. as Chief Accounting Officer
ON Semiconductor (NASDAQ: ON), driving energy efficient innovations, today announced the appointment of Bernard ("Bernie") R. Colpitts, Jr. as chief accounting officer of ON Semiconductor Corporation and its wholly-owned subsidiary, Semiconductor Components Industries, LLC ("SCILLC"), and vice president, finance of SCILLC. Colpitts was previously senior vice president and chief accounting officer at GameStop Corp., a video game retailer headquartered in Texas.
- Thomson Reuters StreetEvents
Edited Transcript of ON earnings conference call or presentation 11-May-20 1:00pm GMT
Q1 2020 ON Semiconductor Corp Earnings Call
- Motley Fool
ON Semiconductor Corporation (ON) Q1 2020 Earnings Call Transcript
ON earnings call for the period ending April 3, 2020.
- Zacks
ON Semiconductor (ON) Q1 Earnings Lag Estimates, Down Y/Y
ON Semiconductor's (ON) first-quarter 2020 results reflect a decline in global demand and supply chain disruptions induced by the COVID-19 pandemic.
- Barrons.com
Trouble in the Auto Industry Is Dragging Down Sales at a Key Chip Maker
ON Semi, a major supplier of components to the automotive industry, said first-quarter sales were down 8% from a year ago and that issues in the auto market would hurt second-quarter results, as well.
- Investing.com
B.Riley FBR Sticks to Their Hold Rating for ON Semi
B.Riley FBR analyst Craig Ellis maintained a Hold rating on ON Semi (NASDAQ:ON) on Monday, setting a price target of $13, which is approximately 24.07% below the present share price of $17.12.
- SmarterAnalyst
ON Semiconductor Quarterly Earnings Miss, Sees Orders Coming Back
U.S. chipmaker ON Semiconductor (ON) missed Wall Street estimates for quarterly earnings as it grapples with the financial fallout of the fast-spreading coronavirus pandemic.Diluted earnings per share in the first quarter plunged 76% to $0.10 year-on-year, missing analysts’ estimates by $0.05. Revenue dropped 8% to $1.28 billion, which came in $9.2 million below market expectations."Our first quarter revenue and margins were significantly impacted by the slowdown in global macroeconomic activity, supply constraints and resulting underutilization due to government mandated lockdowns in many parts of the world aimed at containing the spread of COVID-19,” said Keith Jackson, President and CEO of ON Semiconductor. “While current conditions are causing short-term dislocations, our long-term goals and strategy remain unchanged.”Jackson added that the company is taking both structural and tactical measures to adjust its business to current conditions and to “drive long-term growth in profitability and free cash flow”.Looking ahead the chipmaker provided guidance for the second quarter with revenues to fall in the range of $1.10 billion to $1.26 billion. Gross margin is expected to be in the range of 29% to 31%.“Our customers are placing orders in expectation of recovery in the second half of current year, and we are well positioned to show accelerated progress towards our target financial model as global macroeconomic environment recovers,” Jackson said.Shares in ON Semiconductor, which nosedived as much as 66% this year, rose 7% to close at $17.12 on Friday.Five-star analyst John Pitzer at Credit Suisse maintained a Sell rating on the stock with a $20 price target, citing COVID-19 challenges.“The question we continue to have for ON is whether or not the Company can execute on both revenue growth and margin expansion in the long-term, particularly as the COVID-19 and US/China trade tension risks continue,” Pitzer said in a note to investors. “While the Semi Cycle is in the midst of the bottoming process, and the typical “playbook” would advocate owning ON, we prefer other stocks in our universe, with cheaper valuation and fewer fundamental headwinds.”Overall, the consensus of Wall Street analysts is more sidelined on the stock with 5 Holds, 3 Sells and 3 Buys. The $18 average price target provide investors with a mere 5% upside potential in the shares in the coming 12 months. (See ON Semiconductor stock analysis on TipRanks).Related News: AstraZeneca-Merck Ovarian Cancer Treatment Gets FDA Approval Eli Lilly Wins FDA Approval For Retevmo Lung, Thyroid Cancer Treatment Tesla’s Elon Musk Takes Legal Action to Fight Reopening of California Car Plant More recent articles from Smarter Analyst: * GameStop Pops 5% Amid ‘Significant Progress’ On Turnaround Plan * Carvana Sinks 7% In Pre-Market On Public Offering Of 5M Shares * Tesla’s China Car Registrations Plummet In April- LMC Auto * Novavax Seeks To Raise $250 Million From Share Sale; Top Analyst Bumps Up PT
- Business Wire
ON Semiconductor Reports First Quarter 2020 Results
ON Semiconductor Corporation (Nasdaq: ON) today announced that 2020 first quarter revenue was $1,277.9 million, down approximately 8 percent compared to 2019 first quarter revenue. 2020 first quarter revenue was down approximately 9 percent as compared to 2019 fourth quarter revenue.
- PR Newswire
Airspan Networks Extends Collaboration With ON Semiconductor on Wi-Fi 6 Solutions for Fixed Wireless Access Applications
Airspan Networks announced its collaboration with ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, to capitalize on industry-leading Wi-Fi 6 performance solutions, utilizing the QCS-AX chipset for Fixed Wireless Access (FWA) applications.
- Simply Wall St.
What Is ON Semiconductor's (NASDAQ:ON) P/E Ratio After Its Share Price Rocketed?
Those holding ON Semiconductor (NASDAQ:ON) shares must be pleased that the share price has rebounded 38% in the last...
- Business Wire
ON Semiconductor Expands its Portfolio for Industrial Motor Drive Applications
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, continues to expand its portfolio for industrial motor drive applications, to further help customers solve their specific design challenges. Motor drive systems are proliferating along with industrial automation and robotics. These systems require energy efficiency, precise measurement, accurate control, and high reliability within harsh industrial environments. Effective semiconductor development for industrial motor drive requires advanced design, ability to integrate active and passive components, sophisticated packaging including substrate material, and high quality and reliability standards.
- TipRanks
Craig Hallum: 3 Top Tech Picks With Over 40% Upside Potential
Investment research firm Craig-Hallum maintains a cadre of 30 financial analysts, who combined have more than 1,400 stock recommendations logged into the TipRanks database. Even after the recent market gyrations, the average return on their picks is 8.2%.Anthony Stoss, a senior analyst with the firm, has turned his eye to the high-tech sector, with a report on wireless internet providers and on semiconductor chip makers.Stoss highlights the features that denote strength in the sector, so that investors will know what to look for: high liquidity reserves, low exposure to manufacturing risk, reduced share price, and a strongly positive outlook for 2021. In Stoss’ view, this profile readily identifies stocks with a clear path out of the current volatile market. For investors interested in a long-term play, these are the names that will likely bring returns.The quality of Stoss' research is clear from his TipRanks rating: 5 stars, and an overall ranking in the top 5% of Wall Street’s financial analysts. Here are three of his top picks in tech.Boingo Wireless, Inc. (WIFI)We’ll start with Boingo Wireless. This small-cap company is a provider of mobile internet access for wireless enabled devices – smartphones, tablets, gaming handsets, laptops. The company operates over a million small-cell network towers and boasts an annual reach of a billion customers. Last year, Boingo entered a partnership with Verizon, the second-largest wireless services provider in the US, to provide Verizon 5G access for stadiums, airports, hotels, and other indoor public spaces.Like many tech companies that run at the leading edge of their sector, Boingo typically operates at a net loss. Declines in advertising and retail revenue hurt the company in Q4 as 2019 ended, and offset gains in multifamily and wholesale wifi. Total revenues slipped 5.5% yoy to $64.1 million. EPS was in line with the forecasts, however, coming in at a 12-cent loss. Looking ahead, the Q1 earnings are expected show a net loss of 6 cents.In his notes, Stoss points out that Boingo’s business is based on long-term contracts; more than 95% of its customers are in that model, and contractual minimums will guarantee income no matter what happens in the economic short term. He writes, of the company’s forward prospects, “We look for WIFI to return to strong growth in CY21 as the largest contract win in the company’s history (NYC MTA) rolls out… While we continue to believe WIFI’s business model is durable, we think the company remains in talks with multiple bidders and a deal is likely to get done…”As a result, Stoss reiterates his Buy rating on WIFI shares, while his $22 price target shows confidence in a 70% upside potential for the stock in 2020. (To watch Stoss’ track record, click here)If we step back and look at the bigger picture, we can see that overall the stock has a ‘Strong Buy’ analyst consensus rating. In the last three months, the stock has received 3 'buy' ratings and just 1 'hold.' With an average analyst price target of $20.83, analysts are projecting upside potential of 61% from the current share price. (See Boingo stock analysis on TipRanks)Knowles Corporation (KN)Next up is Knowles, a leader in mobile audio systems. The company provides solutions for micro-acoustics and audio processors for a range of mobile devices, including consumer electronics, communications sets, medical systems, defense hardware, and cars. Knowles’ tech provides improved audio signal clarity, and is found in Amazon’s Alexa. The company’s best-known products are found in hearing aids, and in cell phones’ built-in mics.Offering high-demand niche products for expensive gadgets is a path to profitability, and KN typically reports quarterly net gains. The company shows a typical patter: low EPS in the first half of the calendar year, followed by strong earnings in Q3 and Q4. With that in mind, it’s no surprise that Q4, with 30 cents EPS and $233.9 million in revenues, was the company’s second-best last year. And looking forward to the coming Q1 report, the expected 4-cent per share net loss makes sense as both a cyclical low and an indicator of just how strongly the COVID-19 epidemic has impacted overall consumer demand.Looking at KN, Craig-Hallum’s Stoss points out two major assets for the company: it has access to plenty of cash, with $78 million on hand and another $400 million available in a revolving credit facility, and it doesn’t have to worry about any near-term debt turnover, as it does not have any debt maturing until November 2021. In addition, KN only outsources 10% of its manufacturing production, and so has control over its own inventory.Regarding Knowles’ prospects, the analyst writes, “[With] the world moving online, networks are being constrained pushing for a faster 5G rollout. We look for KN’s 5G solutions to drive growth as 5G adoption accelerates… While near-term the company will see coronavirus impacts, we think KN will bounce back quickly and earn $1.12 in pro-forma EPS for FY21…”Stoss puts a Buy rating on KN, with a $21 price target that implies a 47% upside. Overall, Knowles is given a Moderate Buy rating from the analyst consensus. This is based on 7 recent reviews, split three ways: 5 Buys, and 1 each Hold and Sell. Once again, the market slide of February and March has pushed the share price far down – this stock is selling for $14.33. The average price target is $20.29, and suggests room for a 42% upside potential in the coming 12 months. (See Knowles stock analysis on TipRanks)ON Semiconductor (ON)This year has not been kind to the semiconductor chip industry. With the coronavirus pandemic and economic dislocations promising a recession, the chip industry has been buffeted around quite severely. ON has felt the impact worse than most; its stock is down by more than half since peaking near $25 in mid-January of this year.A look at the company’s niche may help explain why. It provides analog and logic chips for data and power management. The company’s products are heavily used in automotive and industrial applications, and both of those sectors are hard-hit by epidemic-inspired shutdowns. With factories idled and workers in limbo, companies like ON are finding less demand for services. The company is not looking at a Q1 net loss – right now – but is expected to show a heavy sequential EPS decline when it reports first quarter financial results.The upshot is, ON shares are selling at a deep discount, and combined with a clear path forward, that makes for an attractive point of entry. Stoss, in his Craig-Hallum notes on the stock, outlines that path forward: “We highlight ON is 85-90% insourced and can likely shift production to 100% insourced to protect GMs. Additionally, with networks being constrained with the world moving online driving a faster rollout of 5G as well as higher bandwidth needs from datacenters, ON should see ramping demand for both its 5G infrastructure and data center products.”In line with his upbeat mid- to long-term outlook on ON, Stoss gives the stock a $20 price target, implying an eye-opening 72% upside potential. He rates the stock as a Buy, of course.ON Semi has received 17 analyst reviews in recent weeks. Their breakdown – 8 Buys, 6 Holds, and 3 Sells – gives the stock a Moderate Buy consensus rating. The mixed ratings reflect some Wall Street caution after the stock’s sharp decline in recent months. The average price target, however, at $20.56, indicates a 48% upside potential, and suggests the possible rewards for investors willing to shoulder the risk. (See ON stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- Business Wire
ON Semiconductor Unveils New QCS-AX2 Series for Wi-Fi 6E Applications
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, announced sampling of its new QCS-AX2 chipset family that supports the 6GHz spectrum band based on the enhanced Wi-Fi 6E standard. Designed with a high performance, flexible architecture to maximize usage of the 6GHz band, the new product family is optimized for high-throughput Wi-Fi applications, such as access points, gateways, and mesh networking solutions for dense environments and underserved areas.
- Simply Wall St.
A Rising Share Price Has Us Looking Closely At ON Semiconductor Corporation's (NASDAQ:ON) P/E Ratio
ON Semiconductor (NASDAQ:ON) shareholders are no doubt pleased to see that the share price has bounced 58% in the last...
- Business Wire
ON Semiconductor to Announce First Quarter 2020 Financial Results
ON Semiconductor Corporation (Nasdaq: ON) plans to announce its financial results for the first quarter, which ended April 3, 2020, before the market opens on Monday, May 11, 2020.
- MarketWatch
Coronavirus update: 1.72 million cases worldwide, 106,469 deaths; U.S. surpasses Italy in number of fatalities
The number of U.S. cases of the coronavirus that causes COVID-19 rose above 500,000 on Friday, while the death toll climbed by more than 2,000 to surpass Italy and mark the deadliest day of the pandemic so far.
- American City Business Journals
On Semiconductor plans layoffs amid restructuring due to COVID-19
The Phoenix tech company said it would complete the layoffs across its global footprint by the end of June.
- MarketWatch
ON Semiconductor to lay off 475 workers to cut costs
ON Semiconductor Corp. said late Thursday it was laying off 475 employees as part of a cost-savings measure. The chip maker, which employs nearly 35,000 people worldwide, said the "targeted cost reductions are structural in nature and are not expected to impact the Company's ability to respond to a significant recovery in demand." Severance costs are expected to be $43 million to $47 million over the first and second quarters with the reductions saving about $65 million to $70 million a year. ON shares rose 2% after hours, following flat trade during the regular session to close at $13.73.
- Simply Wall St.
How Does ON Semiconductor's (NASDAQ:ON) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, ON Semiconductor (NASDAQ:ON) shares are down a considerable 31% in the last...
- American City Business Journals
ON Semiconductor donates 10,000 masks to help fight coronavirus
ON Semiconductor and Honeywell Aerospace have been the two biggest corporate donors so far as community members and businesses are donating supplies to health care workers fighting COVID-19.
- Business Wire
ON Semiconductor Draws Down $1.17 Billion From Its Revolving Credit Facility
ON Semiconductor Corporation (Nasdaq: ON) today announced that it has drawn down approximately $1.17 billion from its revolving credit facility. The company has no immediate use of the funds, and it has made the withdrawal out of abundance of caution to have access to sufficient liquidity in an uncertain macroeconomic environment. With this withdrawal, the company has made full use of its $1.97 billion revolving line of credit.
- Insider Monkey
Hedge Funds Were Buying ON Semiconductor Corporation (ON) Before The Coronavirus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- Business Wire
ON Semiconductor Introduces New 900 V and 1200 V SiC MOSFETs for Demanding Applications
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has expanded their range of wide bandgap (WBG) devices with the introduction of two additional families of silicon carbide (SiC) MOSFET. Intended for use in a variety of demanding high-growth applications including solar power inverters, on-board charging for electric vehicles (EV), uninterruptible power supplies (UPS), server power supplies, and EV charging stations, the new devices offer levels of performance that were simply not possible with silicon (Si) MOSFETs.
- Investor's Business Daily
Flex, ON Semiconductor Latest Tech Firms Hit By Coronavirus
Electronics contract manufacturer Flex became the latest tech firm to warn about its business taking a hit from the coronavirus outbreak. The outbreak will hinder current-quarter results.
- Simply Wall St.
ON Semiconductor (NASDAQ:ON) Shareholders Have Enjoyed A 38% Share Price Gain
While ON Semiconductor Corporation (NASDAQ:ON) shareholders are probably generally happy, the stock hasn't had...
