ON Semiconductor Corporation Stock News

Onsemi has initiated a restructuring plan aimed at reducing operational costs, which would result in the laying off of about 2,400 of its employees across all business divisions worldwide in 2025, the chipmaker said in a filing on Tuesday.

As an investor, you're always searching for the best opportunity to see your money grow. One key factor to determine whether a stock is a buy is the price-to-earning ratio (P/E ratio), which describes the relationship between a stock's price and its earnings.

The S&P 500's 2.7% rise in January might not sound impressive. But for a single month, it's a great start to 2025.

Onsemi's NASDAQ: ON stock price has headwinds in early 2025, but it is on track for a robust rebound that could begin before mid-year. Hitting lows near $47.25 following its FQ4 2024 earnings release, the stock is at a multi-year low, near a critical support target, and deeply undervalued.

ON Semiconductor Corporation (NASDAQ:ON ) Q4 2024 Earnings Conference Call February 10, 2025 9:00 AM ET Company Participants Parag Agarwal - VP, IR and Corporate Development Hassane El-Khoury - President and CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Chris Danely - Citi Blayne Curtis - Jeffe...

Shares of ON Semiconductor (ON), also known as Onsemi, sank more than 6% Monday after the maker of power chips missed profit, sales, and guidance estimates as it said it faced difficult macroeconomic conditions.

ON Semiconductor Corp (NASDAQ:ON) stock is down 5.1% to trade at a two-year low of $48.55 at last check, after the  chip concern  missed top- and bottom-line estimates for the fourth quarter and issued a dismal fiscal first-quarter forecast.

Onsemi forecast first-quarter revenue below Wall Street expectations on Monday, hit by softer demand for its automotive chips as customers cut back on orders owing to economic uncertainty, sending its shares down 9% in premarket trading.