On Semiconductor Stock Quote and Market Analysis Report

On Semiconductor has a market capitalization of over $30 billion, making it one of the largest semiconductor companies in the world.

The company's stock is listed on the NASDAQ stock exchange under the ticker symbol ON.

On Semiconductor's revenue has consistently grown over the past few years, with a significant increase in 2020, reaching $1.8 billion.

ON Semiconductor's revenue in 2023 was $8.25 billion, a decrease of -0.88% from the previous year. This decline is a notable change from the 23.54% increase seen in 2022.

The company's gross profit on sales in 2023 was $3.8325 billion, a decrease of -4.09% from 2022. This reduction in gross profit is a concerning trend.

Here are some key financial metrics for ON Semiconductor in 2023:

The company's operating income in 2023 was $2.6137 billion, a decrease of -5.90% from 2022. This decline in operating income is a significant concern for investors.

Income Statements (USD) reveal the company's financial performance over time. ON Semiconductor's sales decreased by 0.88% in 2023 compared to the previous year.

Looking at the income statements in millions of USD, we can see that sales were $8,253.00 in 2023, a decrease from $8,326.20 in 2022.

The gross profit on sales was $3,832.50 in 2023, a decrease of 4.09% compared to the previous year. Gross profit on sales increased by 52.79% in 2022, indicating a significant improvement.

Operating income decreased by 5.90% in 2023, reaching $2,613.70. This is a significant drop from the 102.18% increase in 2022.

Here's a breakdown of the income statements:

Income after tax increased by 14.80% in 2023, reaching $2,183.70. This is a significant improvement from the 88.41% increase in 2022.

ON Semiconductor's financial strength is a crucial aspect of its overall performance. The company's cash-to-debt ratio is 0.82, indicating a relatively low level of debt compared to its cash reserves.

The company's equity-to-asset ratio is 0.62, suggesting that a significant portion of its assets are financed by debt. ON Semiconductor's debt-to-equity ratio is 0.39, which is a relatively low indicator of debt burden.

The debt-to-EBITDA ratio is 1.24, which is a moderate level of debt compared to its earnings before interest, taxes, depreciation, and amortization (EBITDA). ON Semiconductor's interest coverage ratio is 33.21, indicating that it has a strong ability to meet its interest payments.

Here's a summary of ON Semiconductor's financial strength indicators:

The Piotroski F-Score is 6/9, indicating a relatively strong financial condition. The Altman Z-Score is 4.77, which falls into the "Safe" category, indicating a low risk of bankruptcy. The Beneish M-Score is -2.33, indicating that the company is not likely to be involved in financial manipulation.

Analyst opinions on ON Semiconductor stock are overwhelmingly positive. According to 23 analysts, the average rating for ON stock is "Buy".

The consensus among analysts is that ON Semiconductor stock has significant growth potential. The 12-month stock price forecast is $81.43, which represents a 51.16% increase from the latest price.

ON Semiconductor's recent earnings report has further strengthened the case for buying the stock. The company's double beat FQ3'24 performance and decent FQ4'24 guidance demonstrate demand stabilization.

Analysts are upgrading their recommendations for ON Semiconductor stock due to its strong performance. Onsemi reported better-than-expected Q3 earnings, leading to a 5% stock rise.

On Semiconductor has made some exciting announcements in recent times. The company has completed its acquisition of Silego Technology, a leading provider of configurable mixed-signal integrated circuits.

This move is expected to strengthen On Semiconductor's position in the market and provide customers with a wider range of innovative solutions. On Semiconductor's stock quote has been affected by this acquisition, with the company's shares experiencing a slight increase in value.

The acquisition is a significant step in On Semiconductor's strategy to expand its product portfolio and increase its competitiveness in the industry.

onsemi has completed its acquisition of Qorvo's Silicon Carbide JFET Technology Portfolio, marking a significant move in the industry.

The acquisition was announced in a press release from onsemi, which has a presence in Scottsdale, Arizona, and is listed on the Nasdaq under the ticker symbol ON.

This deal brings onsemi a valuable portfolio of Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology, which is a key component in the production of electric vehicles and other high-tech devices.

ON Semiconductor's revenue took a hit in Q3 2024, decreasing by 19.3% year-over-year due to slowing demand for electric vehicles and excess inventory.

Free cash flow margins did improve to 16.7% for ON Semiconductor, driven by reduced capital expenditures and other cost-saving measures.

onsemi's acquisition of Qorvo's Silicon Carbide JFET Technology Portfolio positions the company well for the growing demand in the Silicon Carbide market.

Weebit Nano Limited has licensed its ReRAM technology to onsemi. Weebit Nano is a leading developer and licensor of advanced memory technologies.

This agreement marks a significant milestone for Weebit Nano, as it expands its reach in the global semiconductor market. The company has a strong reputation for its innovative memory technologies.

Weebit Nano's ReRAM technology is a key component in the development of advanced memory solutions. This technology is designed to provide high-speed and low-power memory solutions.

onsemi is a well-established player in the semiconductor industry, and this acquisition will further strengthen its position.

ON Semiconductor Corporation presented at the Nasdaq Investor Conference on December 10, 2024.

Hassane El-Khoury, the CEO of ON Semiconductor Corporation, was among the company representatives who took part in the event.

The conference was held on December 10, 2024, at 11:00 AM ET.

Thad Trent, the CFO of ON Semiconductor Corporation, also participated in the conference.

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onsemi has been chosen as the primary supplier of image sensors for Subaru's next-generation EyeSight system.

This system will feature a stereo-camera front sensing system, which is a significant upgrade from previous models.

onsemi's Hyperlux Sensors have been selected for this critical component, indicating a high level of performance and reliability.

The selection of onsemi's Hyperlux Sensors suggests that Subaru is prioritizing cutting-edge technology in their next-generation EyeSight system.

onsemi's image sensors will play a crucial role in enabling the advanced features of Subaru's EyeSight system.

The partnership between onsemi and Subaru is expected to be a key factor in the success of the next-generation EyeSight system.

onsemi's wafer fab in East Fishkill, New York, has been accredited by the Defense Microelectronics Activity (DMEA) of the U.S. Department of Defense.

This accreditation is a significant achievement for onsemi, demonstrating its commitment to producing high-quality microelectronics for the defense industry.

The East Fishkill fab is located in New York.

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