In a market environment where many companies are signaling caution, onsemi NASDAQ: ON has made a decisive statement of confidence. The semiconductor sector firm announced on Nov. 18 that its board has authorized a new, upsized $6 billion share repurchase program.
ON Semiconductor is upgraded to Buy, reflecting solid recent results and signs of recovery after a prolonged automotive downturn. ON's Q3 revenue and earnings surpassed expectations, but guidance remains cautious with limited visibility on a swift margin recovery. AI and datacenter opportunities, including the Vcore Power acquisition, offer potential but are not yet significant growth drivers for ON.
ON posts a Q3 earnings beat and stronger revenues, but margins shrink sharply amid higher costs.
| - Industry | - Sector | Hassane S. El-Khoury CEO | XDUS Exchange | US6821891057 ISIN |
| US Country | 26,400 Employees | - Last Dividend | 13 Mar 2014 Last Split | 28 Apr 2000 IPO Date |
ON Semiconductor Corporation is a pivotal player in the field of intelligent sensing and power solutions, with a global presence that extends across the United States and international borders. Founded in 1992 and based in Scottsdale, Arizona, the company pushes the boundaries of innovation through its three operational divisions - Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. ON Semiconductor is at the forefront of transforming the automotive industry by pioneering intelligent power technologies, which are instrumental in developing lighter, longer-range electric vehicles, enabling fast-charging systems, and promoting sustainable energy solutions for solar strings, industrial power, and storage systems.
These technologies are essential in electrifying the automotive industry by making electric vehicles lighter and allowing for longer ranges. They also play a critical role in enabling fast-charging systems and sustaining power for solar strings, industrial power, and storage systems.
ON Semiconductor provides a wide range of semiconductor products that cover essential functions in various applications, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. These products find application across diverse fields by performing multiple application functions efficiently.
Designed and developed to cater to the automotive, industrial, computing, and mobile markets, these integrated circuits (ICs) encompass analog, mixed-signal, and power management functionalities. They are crucial for applications requiring precise management and manipulation of electronic signals.
The company’s products in this category include designs and developments in analog and mixed-signal ICs tailored for sensor interfacing. These devices are pivotal in automotive, industrial, computing, and mobile markets, facilitating advanced functionalities through precise sensor data acquisition and processing.
ON Semiconductor offers advanced single photon detectors, such as silicon photomultipliers and single photon avalanche diode arrays. These detectors are integral to a wide range of applications, enabling high sensitivity and precision in photon detection across various end-markets.
These drivers are specialized for controlling actuators in camera systems, enabling autofocus and image stabilization features. They cater to a broad base of end-users by enhancing the functionality and quality of imaging systems in different markets.