ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The ASG segment designs and develops analog, mixed-signal, logic, ASSPs and ASICs, Wi-Fi, and power solutions. It also provides trusted foundry and design services for government customers; and manufacturing services. The ISG segment offers complementary metal oxide semiconductors image sensors; proximity sensors; image signal processors; single photon detectors, including SiPM and SPAD arrays; radars; and actuator drivers for autofocus and image stabilization for a range of customers in automotive, industrial, medical, aerospace/defense, communications, networking, wireless, consumer, and computing markets. The company serves original equipment manufacturers, distributors, and electronic manufacturing service providers. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.
IPO Year:
Exchange: NASDAQ
Website: onsemi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2024 | $85.00 | Overweight | Wells Fargo |
| 11/12/2024 | $95.00 | Buy | Loop Capital |
| 7/30/2024 | $85.00 → $90.00 | Buy | TD Cowen |
| 7/15/2024 | $85.00 → $77.00 | Buy → Neutral | Citigroup |
| 7/11/2024 | $70.00 → $65.00 | Equal-Weight → Underweight | Morgan Stanley |
| 5/13/2024 | $95.00 → $100.00 | Buy | Jefferies |
| 4/30/2024 | $90.00 → $85.00 | Buy | TD Cowen |
| 4/19/2024 | $55.00 | Neutral → Underperform | Exane BNP Paribas |
| 4/16/2024 | $104.00 | Outperform | Evercore ISI |
| 2/6/2024 | $80.00 → $90.00 | Outperform | TD Cowen |
Deep-pocketed investors have adopted a bearish approach towards ON Semiconductor (NASDAQ:ON), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ON usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for ON Semiconductor. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable op
ON Semiconductor (NASDAQ:ON) has outperformed the market over the past 10 years by 13.14% on an annualized basis producing an average annual return of 24.07%. Currently, ON Semiconductor has a market capitalization of $32.32 billion. Buying $100 In ON: If an investor had bought $100 of ON stock 10 years ago, it would be worth $853.24 today based on a price of $75.13 for ON at the time of writing. ON Semiconductor's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
ON Semiconductor Corporation (NASDAQ:ON) shares are trading higher after the company signed a multi-year agreement with Volkswagen Group (OTC:VLKAF) (OTC:VWAGY) to provide solutions for vehicle lineup across multiple brands. As per the deal, ON Semiconductor will supply a comprehensive power box solution for Volkswagen’s next-generation traction inverter within its Scalable Systems Platform (SSP). onsemi’s EliteSiC M3e MOSFET-based power box offers higher power and efficiency in a compact design, enhancing heat management and extending EV range. Volkswagen Group can seamlessly adopt future EliteSiC platforms, staying at the forefront of EV innovation. Volkswagen Group will benefit f
The solution features silicon carbide-based technologies in an integrated module that can scale across all power levels – from high power to low power traction inverters to be compatible for all vehicle categories. Volkswagen Group will also benefit from onsemi's planned investment to expand its silicon carbide manufacturing in the Czech Republic.
ON Semiconductor Corp (NASDAQ:ON) shares are trading higher by 0.56% to $75.89 during Thursday’s session. With Taiwan Semiconductor Mfg. Co. Ltd. surpassing second-quarter earnings expectations, semiconductor stocks are recovering following Wednesday’s selloff. On Wednesday, the sector experienced a decline due to speculations about President Biden potentially imposing more restrictions on China. This comes alongside Republican nominee Donald Trump’s remarks about the China-Taiwan conflict during a Bloomberg interview. Trump's remarks about Taiwan controlling "100% of our chip business" emphasize the substantial reliance of the U.S. semiconductor industry on Taiwanese manufacturing. This
Semiconductor stocks, tracked by the IShares Semiconductor ETF (NASDAQ:SOXX), have taken a beating this week. BofA believes the heavy selling pressure on semis sets the sector up for outperformance into the end of the year. What To Know: BofA Securities senior analyst Vivek Arya reminded investors to focus on fundamentals when doubt arises in a new note released late Wednesday. Chip stocks got punished on Wednesday as investors rotated out of the red-hot sector following comments from President Joe Biden and former President Donald Trump. Biden recently suggested that he’s considering putting tougher trade restrictions on semiconductor equipment and Trump said this week that the U.S
In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating ON Semiconductor (NASDAQ:ON) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry. ON Semiconductor Background Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest
Wells Fargo initiated coverage of ON Semiconductor with a rating of Overweight and set a new price target of $85.00
Loop Capital initiated coverage of ON Semiconductor with a rating of Buy and set a new price target of $95.00
TD Cowen reiterated coverage of ON Semiconductor with a rating of Buy and set a new price target of $90.00 from $85.00 previously
Citigroup downgraded ON Semiconductor from Buy to Neutral and set a new price target of $77.00 from $85.00 previously
Morgan Stanley downgraded ON Semiconductor from Equal-Weight to Underweight and set a new price target of $65.00 from $70.00 previously
Jefferies initiated coverage of ON Semiconductor with a rating of Buy and set a new price target of $100.00 from $95.00 previously
TD Cowen reiterated coverage of ON Semiconductor with a rating of Buy and set a new price target of $85.00 from $90.00 previously
Exane BNP Paribas downgraded ON Semiconductor from Neutral to Underperform and set a new price target of $55.00
Evercore ISI initiated coverage of ON Semiconductor with a rating of Outperform and set a new price target of $104.00
TD Cowen reiterated coverage of ON Semiconductor with a rating of Outperform and set a new price target of $90.00 from $80.00 previously
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onsemi (Nasdaq: ON) today announced that Christina Lampe-Önnerud was appointed to its board of directors, effective September 1, 2023. Lampe-Önnerud is a highly regarded founder and business leader, having served as chief executive officer of two separate companies, and is also considered an expert in the energy storage space. Among her unique global experience, she has been active in multiple domestic and international government delegations as an authority on energy technologies. As a two-time World Economic Forum (WEF) Technology Pioneer, who has served as co-chairman of the WEF Global Future Council on Energy, she continues to be engaged in multiple initiatives throughout the United S
FREMONT, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced the appointment of Joseph Malchow, founding partner at HNVR Technology Investment Management and board member at Enphase Energy, Inc., and Bernard Gutmann, a 40-year semiconductor industry veteran and former CFO at On Semiconductor, to its Board of Directors (the "Board") effective June 22, 2023. These appointments expand the Board to eight directors, six of whom are independent. "I am committed to the operational success of Enovix and the addition of Joe and Bernard enhances our Board's skillset and demonstrates our commitment to drive long-
PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (Nasdaq: ON ), driving energy-efficient innovations, today announced that Gregory L. Waters and Bruce E. Kiddoo were appointed to its Board of Directors, effective as of December 17, 2020. Emmanuel T. Hernandez has decided to retire after 18 years on the Board. “We are thrilled to welcome both Greg and Bruce as our newest members to our Board,” said Alan Campbell, Chairman of ON Semiconductor’s Board of Directors. “Both Greg and Bruce are seasoned executives within the industry and will bring fresh insights to our technology, business and financial priorities as we continue our transformation at ON. I would also like to thank
Revenue and earnings exceed expectations with free cash flow increasing 41% sequentially onsemi (the "Company") (NASDAQ:ON) today announced results for the third quarter of 2024 with the following highlights: Revenue of $1,761.9 million GAAP gross margin and non-GAAP gross margin of 45.4% and 45.5%, respectively GAAP operating margin and non-GAAP operating margin of 25.3% and 28.2%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.93 and $0.99, respectively Returned 75% of free cash flow over the last 12 months to shareholders through stock repurchases "With third-quarter results above expectations, we remain focused on delivering consi
onsemi (NASDAQ:ON) plans to announce its financial results for the third quarter, which ended September 27, 2024, before the market opens on Monday, October 28, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on October 28, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manners: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days
Free cash flow increase of ~$250 million year over year 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-GAAP diluted earnings per share of $0.78 and $0.96, respectively Returned ~$650 million of free cash flow over last twelve months to shareholders through stock repurchases "We remain dedicated to driving growth through market share gains, doubling down on investments in s
onsemi (NASDAQ:ON) plans to announce its financial results for the second quarter, which ended June 28, 2024, before the market opens on Monday, July 29, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on July 29, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manner: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days. Tel
Strategic addition will expand depth perception and 3D imaging capabilities for next-generation imaging systems As part of onsemi's continuous drive to provide the most robust, cutting-edge technologies for intelligent image sensing, the company announced today it has completed the acquisition of SWIR Vision Systems®. SWIR Vision Systems is a leading provider of CQD® (colloidal quantum-dot-based) short wavelength infrared (SWIR) technology – a technology that extends the detectable light spectrum to see through objects and capture images that were not previously possible. The integration of this patented technology within onsemi's industry-leading CMOS sensors will significantly enhance t
Increased free cash flow approximately 3x year-over-year onsemi (the "Company") (NASDAQ:ON) today announced results for the first quarter of 2024 with the following highlights: Revenue of $1,862.7 million GAAP gross margin and non-GAAP gross margin of 45.8% and 45.9%, respectively GAAP operating margin and non-GAAP operating margin of 28.2% and 29.0%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.04 and $1.08, respectively Returned ~100% of free cash flow over last twelve months to shareholders through stock repurchases "The structural changes we have made to the business over the last three years have enabled us to sustain ou
onsemi (NASDAQ:ON) plans to announce its financial results for the first quarter, which ended March 29, 2024, before the market opens on Monday, April 29, 2024. The company will host a conference call at 9 a.m. Eastern Daylight Time (EDT) on April 29, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manner: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 d
Record automotive revenue in 2023 increased 29% year-over-year onsemi (the "Company") (NASDAQ:ON) today announced its fourth quarter and fiscal year 2023 results with the following highlights: Fourth quarter revenue of $2,018.1 million Fourth quarter GAAP and non-GAAP gross margin of 46.7% GAAP operating margin and non-GAAP operating margin of 30.3% and 31.6%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.28 and $1.25, respectively Full year 2023 record automotive revenue of $4.3 billion increased 29% year-over-year Full year 2023 share repurchases of $564 million, representing 140% of free cash flow "Our momentum continued
onsemi (NASDAQ:ON) plans to announce its financial results for the fourth quarter, which ended December 31, 2023, before the market opens on Monday, February 5, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on February 5, 2024 following the release of its financial results. Investors and interested parties can access the conference call in the following manner: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days
Achieves record revenue in automotive and industrial end markets onsemi (the "Company") (NASDAQ:ON) today announced results for the third quarter of 2023 with the following highlights: Revenue of $2,180.8 million; GAAP and non-GAAP gross margin of 47.3% GAAP operating margin and non-GAAP operating margin of 31.5% and 32.6%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $1.29 and $1.39, respectively Record automotive revenue of $1.2 billion, and increased 33% year-over-year Record industrial revenue of $616 million, up slightly year-over-year "Our disciplined approach and execution resulted in another solid quarter, demonstrating
Hyperlux advanced imaging capabilities capture most accurate visual data to ensure error-free interpretation of driving environments and enhance car safety NEWS HIGHLIGHTS onsemi will be the primary supplier of image sensors for Subaru's next-generation EyeSight stereo-camera front sensing system Hyperlux image sensors feature whole pixel design and High Dynamic Range to significantly improve image clarity and accuracy Equipped with functional safety features, Hyperlux sensors ensure greater level of safety and reliability of the system Selection follows longstanding collaboration between companies to improve vehicle safety by tailoring sensors to multiple generations of Suba
The Treo Platform features a modular architecture to accelerate development of intelligent power management, sensor interface and communications solutions NEWS HIGHLIGHTS The Treo Platform is built on BCD process technology on a 65nm node and supports the industry's widest voltage range of 1-90V and operating temperatures up to 175° C The Platform will allow customers to simplify their design processes, reduce system costs and achieve faster time-to-market for their solutions in automotive, medical, industrial, and AI data centers Multiple product families built on the Treo Platform are already sampling including voltage translators, ultra-low-power AFEs, LDOs, ultrasonic sensors, mu
Ensures domestic source of onsemi's industry-leading intelligent power and sensing solutions onsemi (Nasdaq: ON) announced today its wafer fab in East Fishkill (EFK), New York, has been accredited by the Defense Microelectronics Activity (DMEA) of the U.S. Department of Defense (DoD) as a Category 1A Trusted Supplier. The accreditation enables onsemi to manufacture secure advanced semiconductors for a variety of critical aerospace and defense applications at the site. onsemi's East Fishkill fab is the only 300 mm power discrete and image sensor fab in the U.S. and the company's second accredited fab in addition to its Gresham, Oregon site. "Power and sensing technologies are vital in mode
Revenue and earnings exceed expectations with free cash flow increasing 41% sequentially onsemi (the "Company") (NASDAQ:ON) today announced results for the third quarter of 2024 with the following highlights: Revenue of $1,761.9 million GAAP gross margin and non-GAAP gross margin of 45.4% and 45.5%, respectively GAAP operating margin and non-GAAP operating margin of 25.3% and 28.2%, respectively GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.93 and $0.99, respectively Returned 75% of free cash flow over the last 12 months to shareholders through stock repurchases "With third-quarter results above expectations, we remain focused on delivering consi
onsemi (NASDAQ:ON) plans to announce its financial results for the third quarter, which ended September 27, 2024, before the market opens on Monday, October 28, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on October 28, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manners: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days
PHILADELPHIA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Keiretsu Forum Mid-Atlantic, South-East, and Texas regions proudly announce the latest liquidity event for investor members. SWIR Vision Systems, an early-stage company specializing in short-wave infrared (SWIR) technology, has been acquired by onsemi. The move was announced in early July by onsemi. This acquisition marks a significant milestone for Keiretsu Forum members and the investment community. SWIR Vision Systems joined the Keiretsu Forum portfolio after successfully completing a rigorous screening, presentation, and due diligence process. Keiretsu Forum members invested in SWIR during its Series A round of funding, alongside the A
Free cash flow increase of ~$250 million year over year 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-GAAP diluted earnings per share of $0.78 and $0.96, respectively Returned ~$650 million of free cash flow over last twelve months to shareholders through stock repurchases "We remain dedicated to driving growth through market share gains, doubling down on investments in s
Company will be primary provider of fully optimized power system solution based on onsemi's latest generation EliteSiC M3e platform NEWS HIGHLIGHTS onsemi and Volkswagen Group sign multi-year deal to supply solution for vehicle lineup across several brands onsemi will provide a full stack of silicon carbide technologies as part of an integrated module solution that can scale across all power platforms Volkswagen Group will benefit from onsemi's plans to expand manufacturing in Europe that would establish an end-to-end production facility for the traction inverter system onsemi (NASDAQ:ON) announced today it has signed a multi-year deal with Volkswagen Group to be the primary s
Introduces latest generation EliteSiC M3e MOSFETs that significantly improve energy efficiency for power-hungry applications NEWS HIGHLIGHTS Latest generation EliteSiC M3e MOSFETs decrease turn-off losses by up to 50% for electrification applications Platform uniquely achieves a reduction in both conduction and switching losses on the field-proven planar architecture When combined with onsemi's portfolio of intelligent power products, the EliteSiC M3e can deliver further optimized system solutions and reduce time-to-market onsemi unveiled plans to introduce multiple future generations of silicon carbide at an accelerated pace through 2030 In the face of escalating climate c
onsemi (NASDAQ:ON) plans to announce its financial results for the second quarter, which ended June 28, 2024, before the market opens on Monday, July 29, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on July 29, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manner: Webcast: A live webcast of the conference call will be available via the "Investor Relations" section of the company's website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days. Tel
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8-K - ON SEMICONDUCTOR CORP (0001097864) (Filer)
10-Q - ON SEMICONDUCTOR CORP (0001097864) (Filer)
8-K - ON SEMICONDUCTOR CORP (0001097864) (Filer)