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ON Semiconductor Corp. (ON) Laps the Stock Market: Here's Why
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In the latest trading session, ON Semiconductor Corp. (ON - Free Report) closed at $100.81, marking a +1.97% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 1.62%, and the technology-centric Nasdaq increased by 0.89%.
The semiconductor components maker's stock has climbed by 58.94% in the past month, exceeding the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
Market participants will be closely following the financial results of ON Semiconductor Corp. in its upcoming release. The company plans to announce its earnings on May 4, 2026. The company's upcoming EPS is projected at $0.61, signifying a 10.91% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.49 billion, up 2.86% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.9 per share and a revenue of $6.28 billion, demonstrating changes of +23.4% and +4.8%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for ON Semiconductor Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.25% higher. Right now, ON Semiconductor Corp. possesses a Zacks Rank of #2 (Buy).
In terms of valuation, ON Semiconductor Corp. is currently trading at a Forward P/E ratio of 34.06. This expresses a discount compared to the average Forward P/E of 44.68 of its industry.
We can additionally observe that ON currently boasts a PEG ratio of 1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 1.18.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 22, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ON Semiconductor Corp. (ON) Laps the Stock Market: Here's Why
In the latest trading session, ON Semiconductor Corp. (ON - Free Report) closed at $100.81, marking a +1.97% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 1.62%, and the technology-centric Nasdaq increased by 0.89%.
The semiconductor components maker's stock has climbed by 58.94% in the past month, exceeding the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
Market participants will be closely following the financial results of ON Semiconductor Corp. in its upcoming release. The company plans to announce its earnings on May 4, 2026. The company's upcoming EPS is projected at $0.61, signifying a 10.91% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.49 billion, up 2.86% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.9 per share and a revenue of $6.28 billion, demonstrating changes of +23.4% and +4.8%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for ON Semiconductor Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.25% higher. Right now, ON Semiconductor Corp. possesses a Zacks Rank of #2 (Buy).
In terms of valuation, ON Semiconductor Corp. is currently trading at a Forward P/E ratio of 34.06. This expresses a discount compared to the average Forward P/E of 44.68 of its industry.
We can additionally observe that ON currently boasts a PEG ratio of 1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 1.18.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 22, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.