AllAnalyst Report
logoMorningstarNovember 02, 2020

ON Semiconductor Corporation: ON Semi Beats Expectations as the Global Economy Recovers; Maintain $23 FVE; Shares Overvalued

Symbols
ON
Sector(s)
Technology
Rating
Premium
Current Price
$37.84
Fair Value
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Economic Moat
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Stewardship
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Summary

ON Semiconductor spun off from Motorola in 1999 and has since become a leading supplier of chips into automotive and industrial markets, with products in analog, discrete, power management, and image sensing. The firm has made several acquisitions in the past few years to solidify share in its key markets. The largest of these was the 2016 purchase of Fairchild Semiconductor for $2.4 billion, which greatly increased the firm’s strength in the discrete chip market.

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Analyst Profile

Brian Colello

Sector Director
Brian Colello, CPA, is director of technology, media, and telecom equity research for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. In addition to leading Morningstar’’s technology, media, and telecom sector team, he covers semiconductor and hardware companies. Colello was a senior equity analyst before assuming his current role in 2015. Before joining Morningstar in 2008, he worked in public accounting for KPMG and served as a manager in corporate finance for BMG Music, a subsidiary of Bertelsmann AG.Colello holds a bachelor’s degree in accounting from Bucknell University and a master’’s degree in business administration from Wake Forest. He is also a Certified Public Accountant.