ON (ON) Stock Trading at $93.30 with P/E Ratios of 338.07 and 33.78
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowON Semiconductor Corporation (ON) shares were trading at $93.30 on April 28, with trailing and forward P/E ratios of 338.07 and 33.78, respectively. The company's AI thermal segment has been growing approximately 100% year-over-year and is expected to maintain that trajectory into 2026 while offering gross margins of 55-60%. Management expects to see utilization rates recover to around 80%, which could drive a gross margin expansion of up to 900 basis points. The shift toward AI-driven demand positions ON favorably for earnings expansion and potential re-rating in valuation.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ON Semiconductor Corporation (ON)
ON Semiconductor makes power and sensing chips for automotive and industrial uses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ON news
- On Semiconductor (ON) Reaches 52-Week High at 103.03 USD
- iShares Semiconductor ETF (SOXX) Rises Over 45% This Year
- China Warns of US Export Bills Disrupting Chip Supply Chains
- AMD (AMD) and Onsemi Stocks Show Increase Amid Chip Demand
- Applied Materials (AMAT) and Broadcom (AVGO) on Deutsche Bank's Picks
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