ON Stock Recent News

Onsemi NASDAQ: ON, formerly known as ON Semiconductor, is a chip stock that hasn't had a great 2024 so far. The company's shares are down 12%, underperforming its industry.

The long-term growth prospects of the electric-vehicle and industrial-automation industries remain undiminished. The slowdown is likely due to temporary factors that will dissipate given a lower-interest-rate environment, better economic growth, and an inventory clearance in industrial automation.

Onsemi's significant transformation under CEO Hassane El-Khoury focuses on high-growth markets like EVs and industrial automation. The company's vertical integration strategy, particularly in Silicon Carbide (SiC) technology, enhances cost efficiency and positions it as a key player in the SiC market. My valuation model estimates Onsemi's stock at $114.5 per share, a 63% premium, indicating strong upside potential despite industry challenges and competition.

In the latest trading session, ON Semiconductor Corp. (ON) closed at $70.37, marking a -1.88% move from the previous day.

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.

ON Semiconductor Corp. (ON) closed the most recent trading day at $68.23, moving -1.67% from the previous trading session.

ON Semiconductor Corporation (NASDAQ:ON ) Citi's 2024 Global TMT Conference Call September 4, 2024 3:00 PM ET Company Participants Hassane El-Khoury - Chief Executive Officer Thad Trent - Chief Financial Officer Conference Call Participants Chris Danely - Citi Chris Danely Thanks for coming, everyone. Thanks for being here on this afternoon of the Annual Citi TMT Conference.

The Dutch government announced Friday broader restrictions on exports of semiconductor-making machines produced by sector heavyweight ASML, aligning itself with US curbs on technology at the center of trade tensions with China.

ON products benefit from a variety of cutting-edge tech trends. ON's financials are strong and should be able to withstand any economic headwinds. Diligent investment and efficient use of cash prove capabilities of management.

ON Semiconductor Corporation (NASDAQ:ON ) Deutsche Bank 2024 Technology Conference August 29, 2024 1:00 PM ET Company Participants Hassane El-Khoury - CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Ross Seymore We're very pleased to have ON Semi up on stage. We have both the CEO, Hassane El-Khoury, as well as the CFO, Thad Trent.