Key Pointsonsemi had a tepid quarter, but it was better than expected, and it may experience a solid rebound in its share price.The technicals favor a rebound; the question is if this is a relief rally or sustainable.Analysts see about a 40% upside for this stock. 5 stocks we like better than Onsemionsemi’s NASDAQ: ON stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth. The char ...

ON Semiconductor Corp. (ON) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $1.21 per share when it actually produced earnings of $1.25, delivering a surprise of 3.31%.Over the last f ...

Exhibit 99.1 onsemi First Quarter 2024 Results Exceed Expectations Increased free cash flow approximately 3x year-over-year SCOTTSDALE, Ariz, – Apr 29, 2024 – onsemi (the "Company") (Nasdaq: ON) today announced results for the first quarter of 2024 with the following highlights: "The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions," said Hassane El-Khoury, president and chief executive officer of onse ...

Wall Street analysts expect ON Semiconductor Corp. (ON) to post quarterly earnings of $1.05 per share in its upcoming report, which indicates a year-over-year decline of 11.8%. Revenues are expected to be $1.85 billion, down 5.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe ...

ON Semiconductor Corp. (ON) closed the most recent trading day at $60.05, moving -1.09% from the previous trading session. This change lagged the S&P 500's 0.87% gain on the day. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 1.11%.The semiconductor components maker's shares have seen a decrease of 18.71% over the last month, not keeping up with the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3.97%.The investment community will be closely ...

ON Semiconductor Corp. (ON) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about ON Semiconductor Corp. (ON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ON Semiconductor Corp ...

In the latest trading session, ON Semiconductor Corp. (ON) closed at $70.59, marking a +1.96% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.74%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.Shares of the semiconductor components maker witnessed a loss of 13.34% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.95% and the S&P 500's gain of 0.8%.Investors will ...

ON Semiconductor Corp. (ON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this semiconductor components maker have returned -16.7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Semiconductor - Analog and Mixed industry, to which ON Semiconductor Corp. belongs, has lost 4.7% over this period. Now the key question is: Wh ...

The electric vehicle (EV) revolution is in full swing, with established automakers and innovative startups vying for market share. However, the notion of cheap EV stocks to buy is entirely relative, and a cheap valuation doesn’t always reflect the company’s long-term growth prospects. Over the last year, the global EV market saw slower growth rates as higher interest rates tempered demand. Furthermore, several EV startups went underwater, as they simply could not compete with the big players. While interest ...