ON

ON Semiconductor Corp. (ON) gained 1.53% to $73.12, outperforming the S&P 500's 0.41% gain. The stock has risen 2.92% over the past month.

Analysts expect Q3 earnings of $0.88 per share (up 39.68% YoY) and full-year earnings of $3.21 per share (up 36.6% YoY). The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 22.44, trading at a discount to its industry average of 31.16.

ON Semiconductor Corp. has been heavily searched by investors. The company shows strong earnings growth expectations (+36.6% for current fiscal year, +40.1% for next year) and solid revenue growth forecasts (+9.7% and +13.1% respectively). However, with a Zacks Rank #3 (Hold) rating and a C valuation grade indicating fair pricing relative to peers, the stock is expected to perform in line with the broader market in the near term.

Navitas Semiconductor (NVTS) partnered with NVIDIA to develop a 24-kW power delivery board that converts 800V DC to 12V DC in a single stage, eliminating intermediate conversion steps. This advancement supports NVTS' 800V strategy as AI data centers demand more efficient power solutions. However, NVTS faces strong competition from ON Semiconductor and STMicroelectronics, and trades at a significantly elevated valuation with a Zacks Rank #3 (Hold) rating.