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StockIceMan's Weekly Stock Pick
Week of January 15, 2007


Stock: ON Semiconductor Corporation
Ticker Symbol: ONNN - Nasdaq - Semiconductors
Buy: 8.00 to 8.25
Sell: 12.00
Info: ON Semiconductor Corporation engages in the design, manufacture, and marketing of power and data management semiconductors, and standard semiconductor components. The company’s product lines include power management and standard analog devices, metal oxide semiconductor power devices, high frequency clock and data management devices, and standard components. Its power management semiconductor components distribute and monitor the supply of power to the different elements within various electronic devices. The company’s data management semiconductor components provide clock management and data flow management for precision computing and communications systems. Its standard semiconductor components serve as building block components within various electronic devices. The company’s product applications include portable electronics, computers, game stations, servers, automotive and industrial automation control systems, routers, switches, storage-area networks, and automated test equipment. The company serves computing, automotive electronics, consumer electronics, industrial electronics, wireless communications, and networking markets. Its customers include original equipment manufacturers, electronic manufacturing service providers, and distributors. It operates in Arizona, Rhode Island, Texas, China, the Czech Republic, Korea, France, Japan, Malaysia, the Philippines, and Slovakia. The company, formerly known as the Semiconductor Components Group, was founded in 1999. ON Semiconductor Corporation is headquartered in Phoenix, Arizona
Financial Info: For the nine months ended 9/30/2006, revenues rose 23% to $1.13 billion. Net income applicable to common totaled $184.7 million, up from $41.5 million.
Key Ratios: Current Ratio: 1.775, Total Debt/Equity: N/A, Trailing P/E: 13.49x, Forward P/E: 10.38x,  Price/Book: N/A, Price/Sales: 1.81
Share Info: There are 325.44 million shares outstanding with 152.08 million shares in the trading float. Institutions own approximately 66.50% of the shares outstanding. There have been no insider purchases and 37 insider sales totaling 69.85 million shares in the last six months. Real-Time SEC Filings

As of 12/12/2006, there were 23.04 million shares short.

Net Institutional Buying:  50.24 million shares prior to latest quarter.
Articles: ON Semiconductor upgraded by Lehman Brothers

ON Semiconductor to Announce Fourth-Quarter and 2006 Annual Financial Results

 
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