Breaking News: ON Semiconductor Corporation Sees Sharp Price Drop in Current Trading Session
The upcoming earnings report for ON Semiconductor Corporation is scheduled for Sunday, May 3rd, with a consensus estimate EPS of $0.62.
In the current trading session, ON Semiconductor Corporation is priced at $93.23, showing a price decrease of $4.81 (-4.91%) from the previous close at $98.04. Notably, the trading volume is 35.72% above the average, totaling $3.25 million.
The latest quarterly earnings for ON Semiconductor Corporation were reported on Sunday, February 8th, with a consensus estimate EPS of $0.62. Details on the revenue and profit margin figures are expected to be released soon.
B. Riley recently upgraded ON Semiconductor Corporation from Neutral to Buy on April 23rd, suggesting a positive outlook for the company.
The company's recent cash flow activities show a net change in cash of -$325 million, with notable items including debt repayment of $375.5 million and operating cash flow of $554.5 million.
ON Semiconductor Corporation reported a revenue of $1.53 billion, with a gross profit of $534.30 million and a net income of $181.8 million in the latest financial period.
Key financial ratios for ON Semiconductor Corporation include a net profit margin of 11.88%, return on equity of 2.37%, and a price to earnings ratio of 29.85, reflecting the company's financial performance.
The balance sheet shows total assets of $12.52 billion, total liabilities of $4.83 billion, and net debt of $1.32 billion for ON Semiconductor Corporation.
This real-time financial report provides a snapshot of ON Semiconductor Corporation's current status, recent performance, and future expectations. Investors should stay tuned for the upcoming earnings report for further insights.
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.