We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ON Semiconductor Corp. (ON) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
ON Semiconductor Corp. (ON - Free Report) closed the most recent trading day at $72.04, moving +1.44% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
The stock of semiconductor components maker has risen by 18.6% in the past month, leading the Computer and Technology sector's gain of 5.37% and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.62, marking a 12.73% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.49 billion, up 2.9% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.92 per share and a revenue of $6.28 billion, demonstrating changes of +24.26% and +4.81%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ON Semiconductor Corp. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% higher. ON Semiconductor Corp. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, ON Semiconductor Corp. is presently being traded at a Forward P/E ratio of 24.31. This signifies a discount in comparison to the average Forward P/E of 31.15 for its industry.
We can also see that ON currently has a PEG ratio of 0.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 0.83 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
ON Semiconductor Corp. (ON) Rises Higher Than Market: Key Facts
ON Semiconductor Corp. (ON - Free Report) closed the most recent trading day at $72.04, moving +1.44% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.18% for the day. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
The stock of semiconductor components maker has risen by 18.6% in the past month, leading the Computer and Technology sector's gain of 5.37% and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.62, marking a 12.73% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.49 billion, up 2.9% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.92 per share and a revenue of $6.28 billion, demonstrating changes of +24.26% and +4.81%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ON Semiconductor Corp. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% higher. ON Semiconductor Corp. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, ON Semiconductor Corp. is presently being traded at a Forward P/E ratio of 24.31. This signifies a discount in comparison to the average Forward P/E of 31.15 for its industry.
We can also see that ON currently has a PEG ratio of 0.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 0.83 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.