ON Semiconductor Corporation (ON)
ON Semiconductor Plunges 20% in a Year: Should You Buy the Dip or Wait?
ON is affected by subdued demand, inventory digestion, and macro uncertainty despite growth in silicon carbide and key partnerships.
Druckenmiller Bets Big On Semiconductor Stock Just Before It Spikes To $1 Trillion
Billionaire Stanley Druckenmiller, a George Soros protégé , is known for his “top-down” investing style. Druckenmiller's strategy focuses on making large bets on macroeconomic trends, prioritizing top-performing industries over individual companies.
On Semiconductor price target lowered to $85 from $89 at Truist
Truist lowered the firm's price target on On Semiconductor to $85 from $89 and keeps a Buy rating on the shares. The firm reiterated a cautious semiconductor and artificial intelligence sector view, but is more constructive on Nvidia (NVDA) and Monolithic Power (MPWR) while more cautious on Tesla (TSLA). A new analysis suggests we may have additional downward pressure to estimates, the analyst tells investors in a research note.
Can ON's JFET Acquisition Change the Stock's Fate or is it a Risky Bet?
On Semiconductor is set to acquire SiC JFET tech from Qorvo for $115M, enhancing its EliteSiC portfolio to drive energy efficiency in AI data centers and emerging markets.
Can ON Semiconductor's Expanding Clientele Push the Stock Higher?
ON unveils the AI-Integrated EyeSight System to improve image clarity and overall vehicle safety.
Can On Semiconductor's Expanding Treo Platform Push the Stock Higher?
ON's Treo Platform delivers advanced power and sensing solutions, boosting efficiency, accuracy, and performance across automotive, healthcare, and data centers.
On Semiconductor initiated with a Buy at Loop Capital
Loop Capital analyst Gary Mobley initiated coverage of On Semiconductor with a Buy rating and $95 price target. The company has been a "consensus short" since late 2023 or once automotive tier-one names began bringing down days of inventory held amid a backdrop of flattening light vehicle production, the analyst tells investors in a research note. While cyclical headwinds may limit On's bounce off the bottom however, the firm believes that investors should overweight stocks with high exposure to the automotive end market and overweight in the companies exposed to the fastest growing automotive trends like powertrain electrification and AD/ADAS, Loop added.
On Semiconductor initiated with a Buy at Loop Capital
Loop Capital initiated coverage of On Semiconductor with a Buy rating and $95 price target.
Why ON Semiconductor is a strong buy despite recent market challenges
ON Semiconductor, the $31 billion chip manufacturer based in Scottsdale, Arizona, has faced significant challenges lately. Despite the broader market momentum, with the S&P 500 index climbing 29% from July 2023, ON Semi's stock has plummeted 31%, reaching $72 from its record high.
3 Reasons On Semiconductor's Supercharged Profits Are Set to Soar
On Semi's results are bottoming, and the future looks bright.
Is ON Semiconductor A Buy After FQ3'24 Earnings
ON Semiconductor's double beat FQ3'24 performance and decent FQ4'24 guidance continue to demonstrate demand stabilization, as similarly observed in the stable gross margins. If anything, the management has hinted at an outsized FY2025 performance, attributed to its hyperscaler design wins with three of the top players in North America. This is on top of the growing EV design wins in China and VWAGY, along with the increased industrial silicon carbide customer count across solar and energy storage end markets.
Onsemi's Strategic Bet On Silicon Carbide: The Future Is Bright For EV Adoption
OnSemi remains undervalued due to downturns in the auto and industrial markets, which are decreasing revenue and causing lackluster profitability. Its silicon carbide technology enhances EV affordability by reducing battery size and weight, and improves charging speed and efficiency, supporting broader EV adoption. The company is gaining market share in China, Europe, and North America, positioning itself for growth as the EV market recovers.
