Headquartered in Scottsdale, AZ Fiscal year ends December NASDAQ: ON onsemi.com
onsemi (ON Semiconductor Corporation) designs and manufactures intelligent power and sensing semiconductor technologies used for electrification, energy efficiency, safety and automation. Its key end markets are automotive, industrial and AI data centers. It reports three segments: the Power Solutions Group (power semiconductors, including EliteSiC silicon carbide products and modules), the Analog and Mixed-Signal Group, and the Intelligent Sensing Group (image sensors and sensing solutions). The company is expanding in AI data center power delivery, including a pending acquisition of Ferric for next-generation AI processor power delivery. It also has a planned all-cash acquisition of Synaptics for approximately $5.7 billion. onsemi recently introduced its Embedded Power Platform (EPP) architecture. It runs ongoing 'fab right' manufacturing realignment programs to improve margins. The company is a member of the S&P 500. Updated
AI data center revenue grew 175% year over year, enough for onsemi to lift its 2030 target for that business above $3 billion after agreeing to buy Ferric. Results topped expectations on both lines, and Q4 guidance points higher again.
The storage names took the worst of Friday's close, with Western Digital down 10.07% and Seagate off 9.96%. Teradyne led the whole 379-name board at +7.98%.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.
Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.
Cipher Mining closed the session up 10.4% at $16.66, the widest gain across 111 priority names. At the other end, ON Semiconductor gave up 8.9% and Diamondback Energy 7.8%, a roughly 19-point spread between the best and worst names on the day.
An 8.5% single-session slide to $68.11 knocks roughly $2 billion off the chipmaker's market value, and moves that size are rare for this name. The $74.42 open is now the level bulls need to reclaim.
A 7.3% pop to $76.14 is a big single-session jump for a $29.6 billion chipmaker, adding roughly $2 billion in market value off the $70.98 open. Watch whether the after-hours level holds into the next open.
Server hardware owned Friday's close: Hewlett Packard Enterprise added 12.2% and Dell 11.5%, with ON Semiconductor and Super Micro also finishing up more than 7%. NuScale Power sat at the other extreme, down 14.8% to $8.70.
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Our 24/7 Wall St. price target for ON Semiconductor (NASDAQ:ON | ON Price Prediction) is $95.90 over the next 12 months. That points to 24.23% upside from the current $77.20 share price.…
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onsemi (ON Semiconductor Corporation) designs and manufactures intelligent power and sensing semiconductor technologies used for electrification, energy efficiency, safety and automation. Its key end markets are automotive, industrial and AI data centers.
24/7 Wall St.'s 12-month price target for ON is $92.86, rated Buy. The Wall Street consensus target is $101.16. ON price prediction →
