Latest news with #ONSemiconductor
Business Insider
5 days ago
- Business
- Business Insider
New Buy Rating for ON Semiconductor (ON), the Technology Giant
In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on ON Semiconductor (ON – Research Report), with a price target of $60.00. The company's shares closed yesterday at $52.94. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom. According to TipRanks, Rakesh has an average return of 13.0% and a 51.80% success rate on recommended stocks. Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $48.90, a -7.63% downside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $70.00 price target. Based on ON Semiconductor's latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $1.45 billion and a GAAP net loss of $486.1 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $453 million Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ON in relation to earlier this year. Earlier this month, Alan Campbell, a Director at ON sold 5,371.00 shares for a total of $274,780.36.
Globe and Mail
06-06-2025
- Automotive
- Globe and Mail
Here's Why Aehr Test Systems Surged Again This Week
Shares in Aehr Test Systems (NASDAQ: AEHR) rose another 15.9% in the week to Friday morning. The move marks another wave of optimism for its potential to diversify away from its core silicon carbide (SiC) wafer-level burn-in (WLBI) test solutions and into new markets such as the gallium nitride (GaN) WLBI market. Why developing new markets matters Not only would diversification help reduce dependence on the SiC WLBI market (where ON Semiconductor is traditionally a major customer for Aehr), it would also move Aehr Test Systems into a GaN market that appears to be building momentum. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The good news is Aehr disclosed that three of its four customers, each of which represented more than 10% of its revenue in the third quarter, were in artificial intelligence processors and in the GaN WLBI market on its recent earnings call. The latter is pertinent considering that Navitas Semiconductor recently said it had been selected to collaborate with Nvidia to develop GaN and SiC chips for the next-generation data center architecture. The news sent Navitas stock soaring, and this week Navitas also said it had a partnership in place to develop SiC chips with BrightLoop. Navitas and Aehr Test Systems All of which raises the question whether Navitas is one of the customers Aehr's management mentioned recently. Confidentiality agreements preclude disclosure, but at a recent William Blair conference, the moderator referenced the Navitas/Nvidia collaboration when introducing Aehr CEO Gayn Erickson. Erickson didn't deny that Navitas is a customer. That's way short of a strong conclusion that Navitas is a significant Aehr customer, and Sherlock Holmes would blush at the logic, but it's probably what's driving the stock higher this week. Should you invest $1,000 in Aehr Test Systems right now? Before you buy stock in Aehr Test Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Aehr Test Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor 's total average return is789% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Globe and Mail
06-06-2025
- Business
- Globe and Mail
Stocks Muted Before the Open With U.S. Economic Data in Focus, ECB Decision Eyed
June S&P 500 E-Mini futures (ESM25) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.10% this morning, pointing to a muted open on Wall Street, while investors await a fresh batch of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from semiconductor and software giant Broadcom. Some positive corporate news is supporting stock index futures, with MongoDB (MDB) surging over +14% in pre-market trading after the database company posted upbeat Q1 results, raised its full-year guidance, and boosted its share buyback program. Also, Five Below (FIVE) climbed more than +5% in pre-market trading after the specialty discount retailer reported forecast-beating Q1 results and issued solid Q2 guidance. Lower bond yields today are also supporting stock index futures. However, gains in U.S. equity futures are limited amid investor caution ahead of Friday's payrolls data. Also, trade uncertainty persists as the Trump administration's deadline for countries to submit their 'best offers' for trade deals has passed without any notable developments. In yesterday's trading session, Wall Street's major indexes ended mixed. ON Semiconductor (ON) climbed over +6% and was the top percentage gainer on the S&P 500, extending Tuesday's gains after the semiconductor firm's CEO Hassan El-Khoury said he sees early signs of a broad-based recovery in demand. Also, homebuilder stocks advanced after the benchmark 10-year T-note yield slumped, with DR Horton (DHI) rising more than +4% and Lennar (LEN) gaining over +3%. In addition, Guidewire Software (GWRE) surged over +16% after the insurance-software provider posted upbeat FQ3 results and raised its full-year revenue guidance. On the bearish side, Dollar Tree (DLTR) slid more than -8% and was the top percentage loser on the S&P 500 after the discount retailer warned that new U.S. tariffs could slash its Q2 profit by 45% to 50%. The ADP National Employment report released on Wednesday showed that U.S. private nonfarm payrolls rose by 37K in May, weaker than expectations of 111K and the smallest increase in more than two years. Also, the U.S. ISM services index unexpectedly fell to 49.9 in May, weaker than expectations of 52.0. 'Markets are likely to view this through the lens of disappointment on the real growth side,' said Florian Ielpo at Lombard Odier Investment Managers. Meanwhile, the Federal Reserve said Wednesday in its Beige Book survey of regional business contacts that U.S. economic activity declined slightly in recent weeks, signaling that tariffs and heightened uncertainty are hurting the economy. 'All districts reported elevated levels of economic and policy uncertainty, which have led to hesitancy and a cautious approach to business and household decisions,' according to the Beige Book. The report stated that consumer spending either declined slightly or showed no change across most districts, while prices rose at a 'moderate' pace. Most regions described employment as 'flat,' while wages continued to grow at a 'modest' pace. The report said the outlook remained 'slightly pessimistic and uncertain, on balance.' U.S. rate futures have priced in a 95.6% probability of no rate change and a 4.4% chance of a 25 basis point rate cut at June's monetary policy meeting. Today, investors will monitor earnings reports from several high-profile companies, with Broadcom (AVGO), Lululemon Athletica (LULU), and Samsara (IOT) slated to release their quarterly results. On the economic data front, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists expect this figure to be 236K, compared to last week's number of 240K. U.S. Unit Labor Costs and Nonfarm Productivity data will also be closely watched today. Economists forecast Q1 Unit Labor Costs to be +5.7% q/q and Nonfarm Productivity to be -0.8% q/q, compared to the fourth-quarter numbers of +2.0% q/q and +1.7% q/q, respectively. U.S. Trade Balance data will be released today as well. Economists expect the trade deficit to narrow to -$67.60B in April from -$140.50B in March. In addition, market participants will parse comments today from Fed Governor Adriana Kugler, Kansas City Fed President Jeff Schmid, and Philadelphia Fed President Patrick Harker. In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.318%, down -1.01%. The Euro Stoxx 50 Index is up +0.35% this morning, extending gains from the prior session following Germany's approval of a tax relief package, while investor attention turns to the European Central Bank's monetary policy decision. Construction and technology stocks outperformed on Thursday. At the same time, travel stocks lost ground. Data from the Federal Statistics Office released on Thursday showed that Germany's factory orders unexpectedly rose in April, defying concerns that U.S. President Trump's escalating tariffs would dent demand for German goods. Separately, data from Eurostat showed that the Eurozone's monthly industrial producer prices fell more than expected in April, marking the sharpest drop since April 2023. Meanwhile, investors are awaiting the ECB's interest rate decision later in the session, with the central bank widely expected to lower the deposit rate by another 25 basis points to 2.00% amid ongoing easing in Eurozone inflation. That would mark the eighth interest rate cut in an easing cycle that may be approaching its end. Investors will likely focus on signals about future moves and on projections that President Christine Lagarde will present. On the trade front, uncertainty persisted as the Trump administration's deadline for countries to submit their 'best offers' for trade deals passed without any notable developments. In corporate news, Wizz Air Holdings Plc ( plummeted over -26% after the budget carrier posted weaker-than-expected annual operating profit. Germany's Factory Orders and Eurozone's PPI data were released today. The German April Factory Orders arrived at +0.6% m/m, stronger than expectations of -1.5% m/m. Eurozone's April PPI has been reported at -2.2% m/m and +0.7% y/y, weaker than expectations of -1.8% m/m and +1.2% y/y. Asian stock markets today settled mixed. China's Shanghai Composite Index (SHCOMP) closed up +0.23%, and Japan's Nikkei 225 Stock Index (NIK) closed down -0.51%. China's Shanghai Composite Index ended slightly higher today after a private gauge of the nation's services sector helped ease concerns that the economic recovery has stalled. Technology stocks led the gains on Thursday. Rare earth stocks also climbed after a group representing U.S. auto suppliers urged immediate action to address China's restricted exports of rare earths, minerals, and magnets. A private sector survey released on Thursday showed that China's services activity expanded at a faster pace in May, with new orders rising more rapidly than in April, though new export orders fell amid uncertainty related to U.S. tariffs. Still, the benchmark index's gains were limited amid elevated uncertainty surrounding U.S.-China trade relations. U.S. President Donald Trump said on Wednesday that Chinese President Xi Jinping was tough and 'extremely hard to make a deal with,' casting doubt on the prospects for a lasting trade agreement. The focus is now on whether authorities can boost consumption quickly enough to offset the slowdown in external demand. Garrett Melson, a portfolio strategist at Natixis Investment Managers, said, '[While] policy easing continues and trade risks cloud the outlook, the central government has considerable headroom for monetary and fiscal policy easing to support growth.' In other news, Bloomberg reported that Chinese officials summoned senior executives of electric vehicle manufacturers, including BYD, Geely, and Xiaomi, earlier this week to address concerns over the ongoing price war. In corporate news, Beijing Wantai Biological Pharmacy Enterprise jumped +10% after the vaccine maker announced it received approval for its marketing authorization application for its Nine-valent HPV vaccine. The Chinese May Caixin Services PMI came in at 51.1, stronger than expectations of 51.0. Japan's Nikkei 225 Stock Index closed lower today after demand at a 30-year government bond auction was weaker than average. A stronger yen also weighed on investors' risk appetite. Automobile and shipping stocks led the declines on Thursday. Limiting losses, chip stocks advanced, tracking overnight gains in their U.S. peers. Japan's 30-year government bond auction drew the weakest demand since 2023, increasing pressure on the government to adjust the issuance of bonds with super-long maturities. Meanwhile, Reuters reported on Thursday that the Bank of Japan is weighing slowing the pace of tapering in its bond purchases starting next fiscal year, in a move that would underscore its aim to prevent major disruptions in the bond market. On the economic front, government data released on Thursday showed that Japanese real wages declined for a fourth straight month in April, weighed down by persistent inflation that has continued to outpace pay increases delivered by companies so far. Inflation-adjusted real wages, a key gauge of households' purchasing power, declined 1.8% in April from a year earlier, following a revised 1.8% slump in March. Moody's Analytics economist Stefan Angrick said that Japan's regular pay growth is expected to slow in the coming months as higher tariffs impact production and shipments, potentially adding further pressure on real wages. In other news, the Nikkei business daily reported that Japan is preparing to propose enhancing cooperation with the U.S. on rare earth supply chains during the upcoming tariff negotiations. In corporate news, Suzuki Motor dropped over -3% after the Nikkei reported that the automaker suspended production of its Swift model due to China's rare earth export restrictions. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed up +0.51% to 23.52. Pre-Market U.S. Stock Movers MongoDB (MDB) surged over +14% in pre-market trading after the database company posted upbeat Q1 results, raised its full-year guidance, and boosted its share buyback program. Five Below (FIVE) climbed more than +5% in pre-market trading after the specialty discount retailer reported forecast-beating Q1 results and issued solid Q2 guidance. Broadcom (AVGO) rose over +1% in pre-market trading after Erste Group upgraded the stock to Buy from Hold. PVH Corp. (PVH) slumped more than -8% in pre-market trading after the owner of the Calvin Klein and Tommy Hilfiger brands cut its full-year profit guidance. It said its outlook reflects 'an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S.' Chewy (CHWY) fell over -2% in pre-market trading after Jefferies downgraded the stock to Hold from Buy with a price target of $43. Today's U.S. Earnings Spotlight: Thursday - June 5th Broadcom (AVGO), Lululemon Athletica (LULU), Samsara (IOT), Rubrik (RBRK), DocuSign (DOCU), Brown Forman (BFb), Ciena Corp (CIEN), Toro (TTC), Vail Resorts (MTN), Braze (BRZE), IDT (IDT), Cracker Barrel Old (CBRL), Hello Group (MOMO), Petco Health and Wellness (WOOF), Quanex Building Products (NX), Mission Produce (AVO), Guess (GES), Torrid Holdings (CURV), Concrete Pumping A (BBCP), Lands' End (LE), Zumiez (ZUMZ), Duluth Holdings (DLTH), AstroNova (ALOT).
News.com.au
05-06-2025
- Business
- News.com.au
Top 10 at 11: Green open places ASX in touching distance of all-time high
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest. In brief, this is what the markets have been up to this morning. Mixed Wall Street performance It was a mixed performance on Wall Street overnight, with semiconductor stocks powering the Nasdaq into the green while the other indices fell or remained essentially flat. ON Semiconductor CEO Hassan El-Khoury signalled the industry was showing signs of recovery at the Bank of America Global Technology Conference. 'We're expecting growth driven by our penetration and our success that we've had in EVs in China, but we're also going to benefit from a broad-based recovery based on the signs that we see even for the second half of this year,' he said. The stock jumped 6.1%, followed by several of its peers. Those included Broadcom, which added 1.65% to hit a new all-time high. Nvidia gained 0.5%, NXP Semiconductors 5.6%, and AMD and Micron Technology about 1% each. Industry leading Taiwanese chipmaker TSMC jumped 4.2%. Unfortunately, the tech stock wins came against a backdrop of a slow down in US economic data. Trump has another go at Powell Private sector hiring slowed to its lowest pace in over two years, transitioning into its fourth contraction period in five years. The services sector also contracted for the first time in nearly a year. Trump predictably took aim at the US Federal Reserve chair Jerome Powell, railing at him to cut interest rates and dubbing him with the moniker 'Too Late Powell' in his latest effort to influence Central Bank policy. The two met at the White House last week to discuss said monetary policy, but by the sounds of things it didn't go well. According to White House press secretary Karoline Leavitt, Trump told Powell he was 'making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries.' In an official Federal Reserve statement released after the meeting, the Central Bank insisted that monetary policy must be guided by economic data, based on 'careful, objective, and non-political analysis.' Another strong open for ASX After lifting more than 0.7% yesterday, the ASX has had another strong start to the morning's trade, adding 0.28% as of about 10:30 am AEST. Bullish sentiment from the US on the tech and semiconductor front has translated to a 0.75% boost to the Aussie Info Tech sector this morning, followed closed by Real Estate (+0.63%) and Consumer Discretionary (+0.50%). Only Industrials (-0.05%) and Utilities (-0.13%) are on the wrong side of the balance sheet at present, with 9 of 11 sectors in the green. The ASX 200 Resources index is also performing well, up 0.36% on strength in an eclectic collection of rare earth, gold and lithium stocks. WINNERS Code Name Last % Change Volume Market Cap AXP AXP Energy Ltd 0.002 100% 4355555 $6,684,681 ADD Adavale Resource Ltd 0.0015 50% 250066 $2,287,279 GRE Greentechmetals 0.062 48% 1725380 $4,709,984 EEL Enrg Elements Ltd 0.002 33% 1000000 $4,880,668 CDE Codeifai Limited 0.018 29% 603477 $4,564,445 EVEDA EVE Health Group Ltd 0.029 26% 618517 $3,032,828 RPG Raptis Group Limited 0.05 25% 240000 $7,013,697 AAU Antilles Gold Ltd 0.005 25% 20000 $8,605,471 EDE Eden Inv Ltd 0.0025 25% 2318777 $8,219,762 ENT Enterprise Metals 0.0025 25% 100108 $2,356,635 In the news... AXP Energy (ASX:AXP) has achieved what it described as 'reliable system uptime' for its gas-to-Bitcoin mining operation, using an oil and gas wells in the Pathfinder field of Colorado to power a bitcoin mining site. With the off-grid gas-to-power site now operational, the company is looking to roll out its technology in additional locations to support the bitcoin mining sector. Greentech Metals (ASX:GRE) unearthed bonanza-grade gold mineralisation in historical assays at its Whundo project, where its exploring for copper, zinc and gold. The company has uncovered more than a dozen gold intersections grading more than 1 g/t, peaking with a 1-metre intersection at 64.7 g/t gold from just 47 metres of depth. LAGGARDS Code Name Last % Change Volume Market Cap OVT Ovanti Limited 0.002 -33% 3611682 $8,380,545 PIL Peppermint Inv Ltd 0.002 -33% 2830000 $6,828,269 PRX Prodigy Gold NL 0.002 -33% 36667 $9,525,167 AVE Avecho Biotech Ltd 0.004 -20% 155257 $15,867,318 AON Apollo Minerals Ltd 0.006 -14% 1728998 $6,499,198 CRR Critical Resources 0.003 -14% 20408 $9,149,774 XF1 Xref Limited 0.13 -13% 30000 $33,013,465 CBY Canterbury Resources 0.024 -11% 86747 $5,600,904 BLG Bluglass Limited 0.009 -10% 7051387 $20,180,213 M4M Macro Metals Limited 0.009 -10% 2579 $39,774,175
Bloomberg
04-06-2025
- Business
- Bloomberg
Stock Movers: Dollar Tree, ON Semi, CrowdStrike
On this edition of Stock Movers: - Dollar Tree (DLTR) shares dropped as the company warns that its second-quarter profit may be down 50% from a year ago due to tariff-related costs, including 145% levies on some products from China. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to 're-accelerate' in the remainder of the year. - ON Semiconductor (ON) shares jumped after the chip maker's CEO Hassane El-Khoury stressed that things would only improve following a mixed first-quarter print. - CrowdStrike (CRWD) shares fell after US officials have asked for information related to the accounting of deals it's made with some customers and said the cybersecurity firm is cooperating with the inquiry. The Austin, Texas-based company said in a filing Wednesday that it has gotten 'requests for information' from the US Department of Justice and the Securities and Exchange Commission 'relating to the company's recognition of revenue and reporting of ARR for transactions with certain customers.' ARR refers to annual recurring revenue, a measure of earnings from subscriptions.
