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ON Semiconductor Stock Composite Rating Hits 98; Powering Self-Driving Auto, Green Revolutions

ON Semiconductor (ON) stock saw its IBD SmartSelect Composite Rating rise to 98 Tuesday, up from 86 the day before.




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The new score tells you the Phoenix-based company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria.

ON Semiconductor Stock Climbs Amid Chip Shortage

ON Semiconductor makes power management, analog, digital signal processing (DSP) and other chips for a wide variety of industries.

A global shortage of semiconductors is impeding sales of products that contain chips, including autos, home appliances and video game consoles. Like other companies, ON Semiconductor is ramping production to meet demand. ON Semiconductor stock is rising along with production.

Meanwhile, in Q2, the company reported 425% earnings-per-share growth. It’s now posted higher EPS increases for five consecutive quarters. Sales grew 38% last quarter, up from 16% in the prior quarter. That marks four straight reports with rising revenue gains.

Additionally, ON Semiconductor stock holds the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Amkor Technology (AMKR) and Chipmos Technologies (IMOS) are also among the group’s highest-rated stocks.


See How IBD Helps You Make More Money In Stocks


ON Semiconductor stock sports a 91 EPS Rating. That means its recent quarterly and annual earnings growth is outpacing 91% of all stocks.

The Accumulation/Distribution Rating of A- for ON Semiconductor stock, on an A+ to E scale, shows heavy buying by institutional investors over the last 13 weeks.

ON Semiconductor broke out earlier. But it is now trading right around the prior 44.69 entry from a consolidation. See if it provides a new buying opportunity such as a three-weeks-tight pattern, or a rebound off its 50-day or 10-week line.

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