Yahoo Finance Why ON Semiconductor Corp. (ON) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
ON Semiconductor Corp. (ON)
Onsemi, is an original equipment manufacturer of a broad range of discrete and embedded semiconductor components. The company was spun off from Motorola in Aug 1999 and went public through an IPO in May 2000.
ON is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 78.6% year-over-year for the current fiscal year, with sales growth of 23.2%.
12 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $5.27 per share for 2022. ON boasts an average earnings surprise of 12.3%.
On a historic basis, ON Semiconductor Corp. has generated cash flow growth of 21.8%, and is expected to report cash flow expansion of 88.9% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ON should be on investors' short lists.
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ON Semiconductor Corporation (ON) : Free Stock Analysis Report
