INFINEON WKN: 623100 ISIN: DE0006231004 Kürzel: IFX Forum: Aktien Thema: Hauptdiskussion

'ON Semiconductor Set for Growth: Analysts Cite SiC and Auto Market Stability As Catalysts by Anusuya Lahiri, Benzinga Editor April 30, 2024 3:31 PM | 3 min read | 1 Comment Benchmark lowers ON Semiconductor's target to $80, notes better-than-feared results with Auto market stability. ON Semiconductor's SiC drives momentum; analyst sees industry outperformance despite market challenges. Benchmark analyst David Williams maintained ON Semiconductor Inc with a Buy and lowered the price target from $88 to $80. SiC remains the key momentum driver in the near term, with convincingly strong evidence of the firm’s ability to outperform the industry growth by 2x, per the analyst. Although unit volume remains the wildcard, share gains across existing platforms scheduled for production this year support substantial SiC growth opportunities. While Williams recognized the SiC performance advantages extend to the lower-end platforms, the number of sockets is considerably reduced and will require meaningfully higher unit sales to offset the lower available content. The near-term growth opportunity remains positive, but the analyst is increasingly cautious about the sustainability of the mid to longer-term growth trajectory on the global SiC capacity expansion coming online and an anticipated mix shift toward lower content auto platforms over time. Williams projected second-quarter revenue and EPS of $1.73 billion (prior $1.81 billion) and $0.92 (prior $1.00). Goldman Sachs analyst Toshiya Hari reiterated a Buy rating on ON Semiconductor with a price target of $89 (up from $81 prior). ON reported a modest upside to Street’s first-quarter 2024 EPS expectations ($1.08 vs. $1.04) and provided a better-than-feared fiscal second-quarter adjusted gross margin outlook of 45.2% (mid-point). While the near-term outlook for the SiC business remains uncertain, Hari remained constructive on the company’s long-term growth potential given its above-average exposure to applications in secular growth, including Electrification, ADAS, Energy Infrastructure, and Factory Automation. Hari projected second-quarter revenue and EPS of $1.71 billion and $0.93. BofA Securities analyst Vivek Arya affirmed a Buy rating on ON Semiconductor with a price target of $80. Arya noted that the first-quarter results were modestly better, with a better-than-expected second-quarter miss on auto inventory correction. The second-half visibility sounded murky, but the analyst expects industrial stabilization and EV recovery to benefit ON, with incremental upside from data center power upgrades. Arya expects the second quarter to be a cycle bottom, with $3.68 EPS in annualized trough proforma-EPS (4x Q2 $0.92 EPS). He forecasts ON’s Silicon Carbide (SiC) sales to grow about 20% YoY to $980 million, though somewhat back-half weighted. ON maintained a mid-40’s gross margin % floor, which Arya estimated sustains through the calendar year 2024, which is impressive despite low utilization (65% in Q1 and likely stable through calendar 2024). He noted that SiC growth is on track, as well as diversification within key Chinese OEMs (now in the top 10 of EV OEMs vs 4-5 prior). The calendar year 2025 gross margin % expansion levers are in place as East Fishkill (EFK) headwinds roll-off (GlobalFoundries Inc foundry relationship ending in 2025), along with $160 million benefit from prior fab divestitures, Arya said. The long-term gross margin upside is set at 53% from 43% levels today, perhaps the highest among peers, the analyst added. Arya projected second-quarter revenue and EPS of $1.73 billion (prior $1.76 billion) and $0.92.

Hat bei IFX doch noch nie gestimmt :-P

Sell in May and go away. 🙋‍♂️

Wolfspeed (WOLF) Oppenheimer analyst Colin Rusch maintained a Hold rating on Wolfspeed today. The company’s shares closed last Wednesday at $26.11, close to its 52-week low of $21.85. According to TipRanks.com, Rusch is a top 100 analyst with an average return of 37.6% and a 49.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, Microvast Holdings, and Aspen Aerogels. The word on The Street in general, suggests a Hold analyst consensus rating for Wolfspeed with a $30.80 average price target, which is a 16.1% upside from current levels. In a report released today, TD Cowen also downgraded the stock to Hold with a $25.00 price target. https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-technology-companies-qualcomm-qcom-fastly-fsly-and-wolfspeed-wolf

Stimmt man kann auch Geld machen mit Deltas um die 30, muss nicht auf 40 gehn. Frage ist eher was nächsten Dienstag passiert.

ich warte wieder bis 30€ und gehe dann mit einem Hebel rein. Bei 33€ kann man das Ding dann wieder knipsen.

Großartige Entwicklung! 3 Jahre Seitwärtsbewegung...

UBS AG STMicroelectronics Buy 01.05.24 ZÜRICH (dpa-AFX Analyser) - Die Schweizer Großbank UBS hat die Einstufung für STMicroelectronics auf "Buy" mit einem Kursziel von 48 Euro belassen. Das zweite Quartal des Chipherstellers dürfte die Talsohle markieren, wenn auch eine Erholung im zweiten Halbjahr derzeit noch unsicher sei, schrieb Analyst Francois-Xavier Bouvignies in einer am Mittwoch vorliegenden Studie. Für das Geschäft mit der Automobilbranche bleibt er zuversichtlich./ajx/tih Veröffentlichung der Original-Studie: 30.04.2024 / 14:32 / GMT

glaubt ihr der erste Mai bewahrt uns heute einfach vor dem abverkauf bei den chipherstellern? 😂 morgen können wir ja beim rebound mitmachen. 😂

ON Semiconductor Corp (ON) (Q1 2024) Earnings Call Transcript Highlights: Navigating Market Challenges with Strategic Focus. https://www.gurufocus.com/news/2421513/on-semiconductor-corp-on-q1-2024-earnings-call-transcript-highlights-navigating-market-challenges-with-strategic-focus?r=4bf001661e6fdd88d0cd7a5659ff9748&mod=mw_quote_news

ON Semi steigt aber wirklich alle neue Ziele sinken nach unten.

Gruetzi wohl. Sehe ich genauso. Nicht dieses Jahr. 🙋‍♂️

36 ist ein no-Brainer komm schon^^

JPMorgan analyst Harlan Sur remains bullish, despite ON Semiconductor’s navigating a challenging cyclical trough. Sur’s price target is $85 for December 2024 and implies a significant upside potential. His bullish outlook is based on the semiconductor company’s ability to weather the current market challenges and emerge stronger in the second half of the year. Q2 outlook remains cautious. Revenues are expected to decline 7% Q/Q due to “broad-based end market weakness and soft China orders post CNY.” https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38503300/on-semiconductor-at-cyclical-trough-after-q1-earnings-beat-analyst-sees-25-upside?utm_source=MarketWatch&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site&mod=mw_quote_news

Ne das nicht. Also für Q3 oder Q4 bin ich schon positiv gestimmt.

Nur das wir die 48 niemals sehen werden