ON Semiconductor's third-quarter results were positive and above guidance midpoints. Sales rose 11% year on year to $1.7 billion, and non-GAAP gross margin rose 320 basis points to 41.2%. Guidance implies further growth. Onsemi also announced the acquisition of Ferric for $600 million.
Onsemi is focusing its portfolio on the automotive and industrial markets, which we think will expand margins and create stickier customer relationships.
Onsemi is prone to market cyclicality that can negatively affect its sales and margin profile.
|
Metric
|
ON
|
IFNNY
|
NXPI
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.36 | 42.77 | 21.69 |
Price/Book Value | 3.74 | 3.84 | 5.48 |
Price/Sales | 4.57 | 4.23 | 4.84 |
Price/Cash Flow | 17.10 | 18.86 | 17.32 |
|
Metric
|
ON
|
IFNNY
|
NXPI
|
|---|---|---|---|
Quick Ratio | 2.39 | 0.74 | 1.23 |
Current Ratio | 3.55 | 1.73 | 2.12 |
Interest Coverage | 14.36 | 6.30 | 9.72 |
|
Metric
|
ON
|
IFNNY
|
NXPI
|
|---|---|---|---|
Return on Assets (Normalized) | 8.91% | 6.33% | 11.66% |
Return on Equity (Normalized) | 15.38% | 11.55% | 28.72% |
Return on Invested Capital (Normalized) | 10.21% | 8.71% | 14.84% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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