The Latest Breaking News from ON Semiconductor

Analysts have provided the following ratings for ON Semiconductor (NASDAQ:ON) within the last quarter:

Shares of semiconductor companies, including Broadcom Inc (NASDAQ: AVGO), are trading higher in sympathy with ON Semiconductor Corp (NASDAQ: ON), which reported better-than-expected quarterly earnings and issued

Shares of semiconductor companies, including NVIDIA Corporation (NASDAQ: NVDA), are trading higher in sympathy with ON Semiconductor Corp (NASDAQ: ON), which reported better-than-expected quarterly earnings and

Shares of semiconductor companies, including Advanced Micro Devices, Inc. (NASDAQ: AMD), are trading higher in sympathy with ON Semiconductor Corp (NASDAQ: ON), which reported better-than-expected quarterly earni

ON Semiconductor (NASDAQ:ON) has outperformed the market over the past 10 years by 4.93% on an annualized basis producing an average annual return of 16.57%. Currently, ON Semiconductor has a market capitalization of $23.11 billion.

ON Semiconductor Corp (NASDAQ: ON) shares are trading higher by 3.93% to $54.16 during Monday’s pre-market session. The company announced better-than-expected first-quarter adjusted EPS and sales results and issued second-quarter adjusted EPS and sales guidance above estimates.

ON Semiconductor Corp (NASDAQ:ON) reported first-quarter FY22 revenue growth of 31% year-on-year to $1.95 billion, beating the consensus of $1.90 billion. Revenue from Power Solutions Group (PSG) grew 32% Y/Y to $986.7 million, Advanced Solutions Group (ASG) increased 30% Y/Y to $689.3 million, and Intelligent Sensing Group (ISG) rose 32% Y/Y to $269…

ON Semiconductor's (NASDAQ:ON) short percent of float has risen 5.79% since its last report. The company recently reported that it has 14.79 million shares sold short, which is 3.47% of all regular shares that are available for trading.

Someone with a lot of money to spend has taken a bearish stance on ON Semiconductor (NASDAQ:ON). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

With rising investments to address the global chip shortage, growing demand for electric vehicles and advanced technologies in a hybrid working environment position the semiconductor industry for solid growth. So, ON Semiconductor (ON) and Marvell Technology (MRVL) should benefit. But which of these two stocks is a better buy now?…

ON Semiconductor (NASDAQ:ON) has outperformed the market over the past 5 years by 17.16% on an annualized basis producing an average annual return of 30.29%. Currently, ON Semiconductor has a market capitalization of $23.89 billion.