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ON Semiconductor Corp Stock Research

ON

80.50USD+2.50(+3.21%)Delayed

Market Summary

USD80.50+2.50
Delayed
3.21%

ON Alerts

ON Stock Price

ON RSI Chart

ON Valuation

Market Cap

34.8B

Price/Earnings (Trailing)

18.28

Price/Sales (Trailing)

4.18

EV/EBITDA

11.67

Price/Free Cashflow

21.36

ON Price/Sales (Trailing)

ON Profitability

Operating Margin

48.97%

EBT Margin

28.37%

Return on Equity

30.74%

Return on Assets

15.88%

Free Cashflow Yield

4.68%

ON Fundamentals

ON Revenue

Revenue (TTM)

8.3B

Revenue Y/Y

13.95%

Revenue Q/Q

-4.06%

ON Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

41.89%

Earnings Q/Q

93.75%

Price Action

52 Week Range

44.7687.55
(Low)(High)

Last 7 days

-6.1%

Last 30 days

-7.6%

Last 90 days

21.4%

Trailing 12 Months

37.7%

ON Financial Health

Current Ratio

2.78

Debt/Equity

0.52

Debt/Cashflow

0.81

ON Investor Care

Buy Backs (1Y)

0.12%

Diluted EPS (TTM)

4.25

Peers (Alternatives to ON Semiconductor)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
265.4B
34.4B
4.15% 7.21%
23.09
7.71
20.74% 70.65%
161.7B
20.0B
-1.31% 3.38%
18.48
8.07
9.18% 12.61%
155.7B
23.6B
7.88% -17.97%
117.97
6.6
43.61% -58.25%
124.9B
63.1B
-0.49% -34.58%
15.58
1.98
-20.21% -59.66%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
12.7B
660.4M
8.09% 61.41%
71.08
19.25
28.14% 86.49%
MID-CAP
6.2B
7.1B
-10.56% 13.59%
8.04
0.87
15.53% 19.10%
4.8B
651.1M
-1.79% -5.91%
28.27
7.42
-7.41% 3.92%
SMALL-CAP
874.5M
1.3B
-18.13% -13.35%
12.01
0.68
16.70% 2.69%
785.5M
1.8B
-10.38% -36.92%
15.09
0.43
8.07% 32.37%
710.2M
134.6M
-13.31% -20.71%
-30.63
5.27
9.73% -5954.29%
709.2M
794.4M
-14.88% -47.69%
8.96
0.89
9.29% -82.10%
398.4M
337.7M
-11.62% -43.15%
-49.57
1.18
-28.80% -114.17%

Financials for ON Semiconductor

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.2%8,3268,0697,6187,2036,740
Gross Profit4.8%4,0773,8893,5513,1542,714
Operating Expenses-2.0%1,7171,7531,4411,3461,427
  S&GA Expenses1.4%288284283286294
EBITDA10.5%3,0092,7232,7072,391-
EBITDA Margin7.1%0.36*0.34*0.36*0.33*-
Earnings Before Taxes14.4%2,3622,0652,0311,6891,158
EBT Margin10.8%0.28*0.26*0.27*0.23*-
Interest Expenses-4.5%95.0099.00108119130
Net Income10.3%1,9021,7241,7221,4501,010
Net Income Margin6.9%0.23*0.21*0.23*0.20*-
Free Cahsflow-4.0%1,6281,6961,3201,501-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets7.9%11,97911,10110,78910,2129,626
  Current Assets7.9%5,7295,3094,7854,3673,782
    Cash Equivalents19.1%2,9192,4501,7921,6451,353
  Inventory2.6%1,6171,5751,5631,4961,380
  Net PPE24.9%3,4512,7622,7102,5592,524
  Goodwill-1.4%1,5781,6001,8152751,938
Liabilities6.4%5,7725,4245,3795,1945,022
  Current Liabilities17.1%2,0611,7611,7131,5661,543
  Long Term Debt-0.1%3,2493,2523,2543,258-
    LT Debt, Current-10.6%148165165170161
    LT Debt, Non Current0.0%3,0463,0473,0473,0352,914
Shareholder's Equity9.4%6,1895,6565,4105,0184,585
  Retained Earnings16.1%4,3643,7603,4482,9922,435
  Additional Paid-In Capital1.6%4,6714,5994,5664,5334,633
Shares Outstanding-0.1%432432433434432
Minority Interest-10.2%19.0021.0021.0020.0019.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.1%2,6332,5281,9752,0421,782
  Share Based Compensation-2.8%101104100102101
Cashflow From Investing38.7%-705-1,151-1,036-967-915
Cashflow From Financing-26.8%-370-291-213-448-569
  Buy Backs68.3%2601540.000.00-

Risks for ON

What is the probability of a big loss on ON?

75.4%


Probability that ON Semiconductor stock will be more than 20% underwater in next one year

48.5%


Probability that ON Semiconductor stock will be more than 30% underwater in next one year.

32.3%


Probability that ON Semiconductor stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ON drawdown profile look like?

Y-axis is the maximum loss one would have experienced if ON Semiconductor was unfortunately bought at previous high price.

Drawdowns

Returns for ON

Cumulative Returns on ON

25.4%


10-Year Cumulative Returns

35.7%


7-Year Cumulative Returns

24.7%


5-Year Cumulative Returns

75.3%


3-Year Cumulative Returns

What are the long-term rolling returns for ON?

FIve years rolling returns for ON Semiconductor.

Annualized Returns

Which funds bought or sold ON recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
43.76
122,598
402,598
0.01%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
179
34,179
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
38.14
8,386,300
30,319,300
0.03%
2023-03-06
Rockefeller Capital Management L.P.
added
17.19
116,000
791,000
-%
2023-03-01
SMITHBRIDGE ASSET MANAGEMENT INC/DE
new
-
3,259,000
3,259,000
0.87%
2023-02-28
Voya Investment Management LLC
reduced
-6.36
-1,762,760,000
512,009,000
0.72%
2023-02-27
Parallax Volatility Advisers, L.P.
new
-
898,066
898,066
-%
2023-02-24
National Pension Service
added
1.16
129,919
52,567,000
0.10%
2023-02-24
SRS Capital Advisors, Inc.
added
18.92
489
5,489
-%
2023-02-24
NATIXIS
added
414
18,831,300
23,375,300
0.13%

1–10 of 44

Latest Funds Activity

Are funds buying ON calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ON
No. of Funds

ON Semiconductor News

Investor's Business Daily

Divided Market Rally Awaits Credit Suisse Fate | Investor's Business ....

Investor's Business Daily,
3 hours ago

Nasdaq

Investing.com UK

Investor's Business Daily

Pulse 2.0

StreetInsider.com

Schedule 13G FIlings of ON Semiconductor

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.55%
49,935,983
SC 13G/A
Jan 23, 2023
blackrock inc.
10.0%
43,279,141
SC 13G/A
Sep 12, 2022
fmr llc
-
0
SC 13G/A
Jul 11, 2022
vanguard group inc
11.59%
50,340,515
SC 13G/A
Jul 08, 2022
blackrock inc.
10.4%
45,235,483
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 03, 2022
blackrock inc.
9.6%
41,259,697
SC 13G/A
Feb 12, 2021
spring creek capital llc
0%
0
SC 13G/A
Feb 10, 2021
vanguard group inc
8.91%
36,659,554
SC 13G/A

ON Fair Value

ON Semiconductor fair value in different scenarios

The table shows the Fair Value estimates for ON Semiconductor for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

37.63

-53.25%

56.91

-29.30%

85.30

5.96%

131.70

63.60%

159.58

98.24%
Current Inflation

35.11

-56.39%

51.89

-35.54%

76.15

-5.40%

115.49

43.47%

139.07

72.76%
Very High Inflation

31.95

-60.31%

45.79

-43.12%

65.28

-18.91%

96.60

20.00%

115.32

43.25%

Historical ON Semiconductor Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of ON Semiconductor

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
8-K
Current Report
Mar 02, 2023
8-K/A
Current Report
Mar 02, 2023
8-K
Current Report
Feb 24, 2023
8-K
Current Report
Feb 23, 2023
8-K
Current Report
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for ON

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-02
Tong Robert
sold (taxes)
-41,905
76.75
-546
svp & gm, asg
2023-03-02
KEETON SIMON
sold (taxes)
-335,321
76.75
-4,369
evp & gm, psg
2023-03-02
Jatou Ross
sold (taxes)
-69,919
76.75
-911
svp & gm, isg
2023-02-21
El-Khoury Hassane
acquired
-
-
84,511
ceo & president
2023-02-20
Thad Trent
acquired
-
-
30,273
exec vp & cfo
2023-02-20
Jatou Ross
acquired
-
-
10,091
svp & gm, isg
2023-02-20
Tong Robert
acquired
-
-
8,578
svp & gm, asg
2023-02-20
KEETON SIMON
acquired
-
-
22,705
evp & gm, psg
2023-02-20
COLPITTS BERNARD RAYMOND JR
acquired
-
-
3,785
chief accounting officer
2023-02-16
Thad Trent
sold (taxes)
-900,612
84.13
-10,705
exec vp & cfo

1–10 of 50

Hassane El-Khoury
30000
ON Semiconductor Corporation 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. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.

ON Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Income Statement [Abstract]    
Revenue$ 2,192.6$ 1,742.1$ 6,222.6$ 4,893.7
Cost of revenue (exclusive of amortization shown below)1,134.31,021.33,165.93,011.6
Gross profit1,058.3720.83,056.71,882.1
Operating expenses:    
Research and development145.4154.5463.8494.4
Selling and marketing69.568.4213.7223.4
General and administrative84.975.7246.0221.3
Amortization of acquisition-related intangible assets21.924.765.174.5
Restructuring, asset impairments and other, net40.3(1.7)25.658.3
Goodwill and intangible asset impairment271.80.0386.82.9
Total operating expenses633.8321.61,401.01,074.8
Operating income424.5399.21,655.7807.3
Other income (expense), net:    
Interest expense(23.7)(31.9)(67.4)(98.4)
Interest income4.90.56.41.1
Loss on debt refinancing and prepayment0.00.0(7.3)(26.2)
Gain on divestiture of business0.210.22.110.2
Other income (expense)0.9(5.8)9.4(2.4)
Other income (expense), net(17.7)(27.0)(56.8)(115.7)
Income before income taxes406.8372.21,598.9691.6
Income tax provision(94.9)(61.8)(299.4)(106.8)
Net income311.9310.41,299.5584.8
Less: Net income attributable to non-controlling interest0.0(0.7)(1.6)(1.1)
Net income attributable to ON Semiconductor Corporation311.9309.71,297.9583.7
Net income for diluted earnings per share of common stock$ 312.4$ 309.7$ 1,299.4$ 583.7
Net income per share of common stock:    
Basic (in dollars per share)$ 0.72$ 0.72$ 2.99$ 1.38
Diluted (in dollars per share)$ 0.70$ 0.70$ 2.90$ 1.32
Weighted-average shares of common stock outstanding:    
Basic (in shares)432.9430.6433.5423.8
Diluted (in shares)448.7440.7448.3443.1
Comprehensive income, net of tax:    
Net income$ 311.9$ 310.4$ 1,299.5$ 584.8
Foreign currency translation adjustments(1.8)(0.3)(8.4)(2.8)
Effects of cash flow hedges and other adjustments7.73.925.611.8
Other comprehensive income, net of tax5.93.617.29.0
Comprehensive income317.8314.01,316.7593.8
Comprehensive income attributable to non-controlling interest0.0(0.7)(1.6)(1.1)
Comprehensive income attributable to ON Semiconductor Corporation$ 317.8$ 313.3$ 1,315.1$ 592.7

ON Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets  
Cash and cash equivalents$ 2,450.2$ 1,352.6
Receivables, net857.3809.4
Inventories1,575.41,379.5
Assets held-for-sale135.00.0
Other current assets291.5240.1
Total current assets5,309.43,781.6
Property, plant and equipment, net2,762.12,524.3
Goodwill1,600.41,937.5
Intangible assets, net373.8495.7
Deferred tax assets409.9366.3
Other assets645.1520.6
Total assets11,100.79,626.0
Liabilities, Non-Controlling Interest and Stockholders’ Equity  
Accounts payable791.7635.1
Accrued expenses and other current liabilities766.7747.6
Liabilities held-for-sale37.30.0
Current portion of long-term debt165.3160.7
Total current liabilities1,761.01,543.4
Long-term debt3,046.52,913.9
Deferred tax liabilities30.543.2
Other long-term liabilities586.1521.1
Total liabilities5,424.15,021.6
Commitments and contingencies
ON Semiconductor Corporation stockholders’ equity:  
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 606,766,278 and 603,044,079 issued, 432,406,805 and 432,472,818 outstanding, respectively)6.16.0
Additional paid-in capital4,598.84,633.3
Accumulated other comprehensive loss(23.4)(40.6)
Accumulated earnings3,760.12,435.1
Less: Treasury stock, at cost: 174,359,473 and 170,571,261 shares, respectively(2,685.6)(2,448.4)
Total ON Semiconductor Corporation stockholders’ equity5,656.04,585.4
Non-controlling interest20.619.0
Total stockholders' equity5,676.64,604.4
Total liabilities and stockholders' equity$ 11,100.7$ 9,626.0