ON SEMICONDUCTOR TUMBLES AS INFLATION RATE REMAINS HIGH
September 30, 2022
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On Semiconductor Stock Intrinsic Value – ON ($NASDAQ:ON) Semiconductor has fallen from its recent high as inflation remains high. The inflation rate in August was 8.3% against pre-pandemic levels and the Fed’s mandate of 2%. The Fed is planning aggressive rate hikes through 2023, which could lead to a recession.
Price History
The stock opened at $63.1 and closed at $65.5, up by 1.9% from the last closing price of 64.3. Right now, media coverage of ON SEMICONDUCTOR is mostly positive, but the company’s stock may not be able to sustain its current prices if inflation continues to rise.
VI Analysis – On Semiconductor Stock Intrinsic Value
On Semiconductor Corporation is a company that manufactures and sells semiconductor products. The company’s fundamentals reflect its long term potential. The fair value of On Semiconductor Corporation’s stock is around $45.2, calculated by VI Line. The company’s stock is currently traded at $65.5, which is overvalued by 45%.
Summary
ON SEMICONDUCTOR tumbled as the inflation rate remained high, with many investors worried that the company would not be able to keep up with its competitors. Despite the recent sell-off, the company’s fundamentals remain strong, and it is still one of the leading semiconductor providers in the world. If you believe in the long-term growth potential of the semiconductor industry, then ON SEMICONDUCTOR is a stock worth considering.
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