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 |
|---|---|---|---|
| 5/6/2025 | $38.00 → $44.00 | Buy | TD Cowen |
| 4/24/2025 | $41.00 | Buy → Neutral | B. Riley Securities |
| 1/24/2025 | $100.00 → $90.00 | Buy | B. Riley Securities |
| 1/10/2025 | $85.00 → $60.00 | Buy → Hold | Truist |
| 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 |
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TD Cowen reiterated coverage of onsemi with a rating of Buy and set a new price target of $44.00 from $38.00 previously
B. Riley Securities downgraded onsemi from Buy to Neutral and set a new price target of $41.00
B. Riley Securities reiterated coverage of ON Semiconductor with a rating of Buy and set a new price target of $90.00 from $100.00 previously
Truist downgraded ON Semiconductor from Buy to Hold and set a new price target of $60.00 from $85.00 previously
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
Returned 66% of first quarter Free Cash Flow to stockholders through share repurchases onsemi (the "Company") (NASDAQ:ON) today announced its first quarter 2025 results with the following highlights: Revenue of $1,445.7 million GAAP gross margin and non-GAAP gross margin of 20.3% and 40.0%, respectively GAAP operating margin and non-GAAP operating margin of (39.7)% and 18.3%, respectively GAAP diluted loss per share and non-GAAP diluted earnings per share of $(1.15) and $0.55, respectively Cash from operations of $602 million with free cash flow of $455 million, increasing 72% year-over-year to 31% of revenue "Our results in the first quarter reflect the disciplined approach we
onsemi (NASDAQ:ON) plans to announce its financial results for the first quarter, which ended April 4, 2025, before the market opens on Monday, May 5, 2025. The company will host a conference call at 9 a.m. Eastern Time (ET) on May 5, 2025, 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. Teleconfere
onsemi intends to continue to allocate capital towards authorized share repurchase onsemi (NASDAQ:ON) today announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM) and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share. While onsemi continues to believe that a combination of these companies would have brought two highly complementary businesses together, benefiting their respective customers and delivering immediate value to Allegro shareholders, onsemi has determined there is no actionable path forward. onsemi will focus on other existing opportunities to enhance stockholder value. In connection with today's annou
Hyperlux™ ID iToF family increases distance of depth measurements up to 30 meters to improve productivity and safety in industrial environments What's New: Today onsemi released the Hyperlux™ ID family, the industry's first real-time, indirect time-of-flight (iToF) sensor that offers high precision long distance measurements and 3D imaging of fast-moving objects. By using onsemi's new proprietary global shutter pixel architecture and on-board storage, the Hyperlux ID family can capture an entire scene and simultaneously process depth measurement in real-time. This innovative approach addresses the limitations of standard iToF sensors and enables depth sensing up to 30 meters or four times
All-Cash Proposal Represents Attractive and Immediate Premium of 57% to Allegro's Unaffected Closing Share Price on February 28, 2025 onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM) to acquire the company for $35.10 per share in cash for each share (the "Proposal") of Allegro's common stock on a fully diluted basis at an implied enterprise value of $6.9 billion. onsemi has made numerous attempts over the past six months to enter into constructive discussions regarding a potential transaction. The most recent Proposal was submitted to Allegro on February 12, 2025, and represents an increas
Returned 54% of 2024 Free Cash Flow through share repurchases onsemi (the "Company") (Nasdaq: ON) today announced its fourth quarter and fiscal year 2024 results with the following highlights: Fourth quarter revenue of $1,722.5 million Fourth quarter GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively Fourth quarter GAAP operating margin and non-GAAP operating margin of 23.7% and 26.7%, respectively Fourth quarter GAAP diluted earnings per share of $0.88 and non-GAAP diluted earnings per share of $0.95, respectively Full year 2024 free cash flow of $1.2 billion, a 3X increase year-over-year "As we continue to navigate this market downturn, our ac
The Science Based Targets initiative's (SBTi) approval of onsemi's near-term greenhouse gas emission reduction targets reinforces company's commitment to a sustainable future What's New: The Science Based Targets initiative (SBTi) has approved onsemi's near-term science-based emissions reduction targets. The validation of these targets attests that the planned decrease of onsemi's greenhouse gas (GHG) emissions is aligned to the ambition of limiting global temperature rise to 1.5° Celsius. With the validation by SBTi, onsemi commits to: reduce absolute scope 1 and 2 GHG emissions 58.8% by 2034 from a 2022 base year reduce absolute scope 3 GHG emissions from fuel- and energy-relate
onsemi (Nasdaq: ON) plans to announce its financial results for the fourth quarter and full year, which ended December 31, 2024, before the market opens on Monday, February 10, 2025. The company will host a conference call at 9 a.m. Eastern Time (ET) on February 10, 2025, 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 ava
Addition further strengthens leadership in high and mid voltage power semiconductors and expands market opportunity by $1.3B by 2030 onsemi (NASDAQ:ON) today announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash. The addition of SiC JFET technology will complement onsemi's extensive EliteSiC power portfolio and enable the company to address the need for high energy efficiency and power density in the AC-DC stage in power supply units for AI data centers. In electric vehicle applications, SiC JFETs help improve efficiency a
HOD HASHARON, Israel, Jan. 01, 2025 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT) (Weebit or Company), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, has licensed its resistive random access memory (ReRAM) technology to tier-1 semiconductor supplier, onsemi (NASDAQ:ON). Under the terms of the agreement, Weebit ReRAM IP will be integrated into onsemi's Treo platform, to provide embedded non-volatile memory (NVM). Weebit ReRAM integration into a Bipolar CMOS, DMOS (BCD) process provides a low-power, cost-effective NVM that has proven excellent retention at high temperatures. Coby Hanoch, CEO of Weebit Nano, said: "We are delighte
Returned 66% of first quarter Free Cash Flow to stockholders through share repurchases onsemi (the "Company") (NASDAQ:ON) today announced its first quarter 2025 results with the following highlights: Revenue of $1,445.7 million GAAP gross margin and non-GAAP gross margin of 20.3% and 40.0%, respectively GAAP operating margin and non-GAAP operating margin of (39.7)% and 18.3%, respectively GAAP diluted loss per share and non-GAAP diluted earnings per share of $(1.15) and $0.55, respectively Cash from operations of $602 million with free cash flow of $455 million, increasing 72% year-over-year to 31% of revenue "Our results in the first quarter reflect the disciplined approach we
onsemi (NASDAQ:ON) plans to announce its financial results for the first quarter, which ended April 4, 2025, before the market opens on Monday, May 5, 2025. The company will host a conference call at 9 a.m. Eastern Time (ET) on May 5, 2025, 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. Teleconfere
Returned 54% of 2024 Free Cash Flow through share repurchases onsemi (the "Company") (Nasdaq: ON) today announced its fourth quarter and fiscal year 2024 results with the following highlights: Fourth quarter revenue of $1,722.5 million Fourth quarter GAAP gross margin and non-GAAP gross margin of 45.2% and 45.3%, respectively Fourth quarter GAAP operating margin and non-GAAP operating margin of 23.7% and 26.7%, respectively Fourth quarter GAAP diluted earnings per share of $0.88 and non-GAAP diluted earnings per share of $0.95, respectively Full year 2024 free cash flow of $1.2 billion, a 3X increase year-over-year "As we continue to navigate this market downturn, our ac
onsemi (Nasdaq: ON) plans to announce its financial results for the fourth quarter and full year, which ended December 31, 2024, before the market opens on Monday, February 10, 2025. The company will host a conference call at 9 a.m. Eastern Time (ET) on February 10, 2025, 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 ava
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) 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
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