ON Semiconductor Corp (NASDAQ: ON) has reported earnings for its first fiscal quarter (ending March 31) of $1.06 versus $1.07 for the same period a year ago — a decline of -1%. This result fell short of the consensus estimate of $1.13 by $-0.07. For the latest four quarters through March 31, E.P.S. were $5.06 versus $4.24 for the same period a year ago — an increase of 19%.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock closed at $70.82 on 4/29/24 after a large increase of 4.1%. Moreover, this advance was accompanied by unusually high trading volume at 197% of normal. The stock has risen 16.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ON is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ON Semiconductor has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ON Semiconductor has a neutral Appreciation Score of 50 but a very low Power Rating of 10, leading to the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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