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Nervous markets await NvidiaThis summary was created by AI, based on 4 opinions in the last 12 months.
ON Semiconductor is currently experiencing a mixed set of sentiments among analysts and market observers. Recently, the company's stock was marked as one of the biggest losers in January, largely due to disappointing earnings and lowered guidance, which raised concerns about its near-term performance in the auto and industrial markets. However, the stock saw a rally of 11% after a positive earnings report, suggesting a potential for recovery and optimism expressed by the CEO in his forecast. With a significant price target of $82, indicating nearly double the current price, analysts are considering strategic entry points at lower prices. The overall outlook hinges on the recovery of key end markets, particularly in automotive and AI sectors.
ON provides sensing and power solutions to the semi-conductor market and has had strong growth for the last two years but this growth looks to be flipping to modest declines on the top-line for 2023 and 2024. Fundamentally, the company looks quite strong and the valuation at 17.8X forward earnings looks fine as well. We wouldn't have a problem with ON but note it might require a bit of patience in the medium term until investors see growth start to reaccelerate.
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He loves it when a stock has done next to nothing for a long time, and then breaks out. From 2013-2015, the stock went sideways and then broke out a little, and fell back into its old habit. In late 2016, it did the real McCoy and broke out, did a couple of tests, and once the 2nd test was done it took off. A great looking chart.
ON Semiconductor is a American stock, trading under the symbol ON-Q on the NASDAQ (ON). It is usually referred to as NASDAQ:ON or ON-Q
In the last year, 3 stock analysts published opinions about ON-Q. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ON Semiconductor.
ON Semiconductor was recommended as a Top Pick by on . Read the latest stock experts ratings for ON Semiconductor.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered ON Semiconductor In the last year. It is a trending stock that is worth watching.
On 2025-05-01, ON Semiconductor (ON-Q) stock closed at a price of $39.6.
He's always traded, not owned this. The market price target is $82, nearly double today's price. Their last earnings disappointed, missing the bottom line, and lowered guidance. The jury is out.