 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
ON Semiconductor Corporation (ON) provides intelligent sensing and power solutions worldwide. 
Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems.
The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments.
It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.
The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers.
On August 1st, On Semiconductor reported 2nd Quarter June 2022 earnings of $1.34 per share on revenue of $2.1 billion. The consensus earnings estimate was $1.26 per share on revenue of $2.0 billion. Revenue grew 24.9% on a year-over-year basis.
The company said it expects third quarter earnings of $1.25 to $1.37 per share on revenue of $2.07 billion to $2.17 billion. The current consensus earnings estimate is $1.22 per share on revenue of $2.02 billion for the quarter ending September 30, 2022. The report should push shares higher out of their bullish "cup and handle"
Entry Point: $65.00
Stop Loss: $62.00
Trading Range: $40.85 - $71.26
Target Price: $71.40
