ON Stock Summary and Trading Ideas (On Semiconductor | NASDAQ:ON)

Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.

On Semiconductor trades on the NASDAQ stock market under the symbol ON.

As of February 10, 2025, ON stock price declined to $47.04 with 19,681,600 million shares trading.

ON has a beta of 1.97, meaning it tends to be more sensitive to market movements. ON has a correlation of 0.41 to the broad based SPY ETF.

ON has a market cap of $20.03 billion. This is considered a Large Cap stock.

Last quarter On Semiconductor reported $2 billion in Revenue and $.99 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.02.

In the last 3 years, ON traded as high as $111.35 and as low as $44.76.

The top ETF exchange traded funds that ON belongs to (by Net Assets): VTI, VOO, VO, QQQ, SOXX.

ON has underperformed the market in the last year with a price return of -38.9% while the SPY ETF gained +22.8%. ON has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -34.7% and -13.7%, respectively, while the SPY returned +1.9% and -0.5%, respectively.

ON support price is $49.84 and resistance is $52.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ON shares will trade within this expected range on the day.