ON Semiconductor Corp. (ONNN, Financial) filed Quarterly Report for the period ended 2010-07-02.
On Semiconductor Corp. has a market cap of $2.99 billion; its shares were traded at around $6.96 with a P/E ratio of 13.6 and P/S ratio of 1.7. ONNN is in the portfolios of Pioneer Investments, Columbia Wanger of Columbia Wanger Asset Management, Columbia Wanger of Columbia Wanger Asset Management, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, Kenneth Fisher of Fisher Asset Management, LLC.
Revenues were $583.3 million and $419.8 million during the quarters ended July 2, 2010 and July 3, 2009, respectively. The increase in the second quarter of 2010 as compared to the second quarter of 2009 was primarily due to an increase in volume and mix of 40% combined with increased revenues from our acquisition of SDT, CMD and PulseCore of $15.3 million, or 4%, partially offset by decreases in average selling prices of approximately 5%. The revenues by reportable segment were as follows (dollars in millions):
Revenues from automotive power group increased $46.2 million, or 50%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from mixed signal automotive products of 61%, MOSFETs of 38%, analog automotive products of 84%, LDO and voltage regulator products of 46% and auto power products of 35%.
Revenues from computing and consumer products increased $39.6 million, or 42%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from signal and interface products of 52%, power switch products of 44%, standard logic products of 79%, AC to DC conversion products of 39%, DC to DC conversion products of 37%, analog switch products of 21% and low voltage power products of 7%.
Revenues from digital and mixed-signal product group increased $16.4 million, or 16%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from industrial products of 68%, high frequency products of 22%, foundry products of 12%, revenues from the recent acquisition of SDT, military and aerospace products of 4%, revenues from acquisition of PulseCore Holdings (Cayman) Inc. (PulseCore) of 100% and manufacturing service products revenues of 11%, partially offset by decreases in revenues from integrated sensor products of3% and communication and high voltage products of 25%.
Revenues from standard products increased $61.3 million, or 46%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from rectifier products of 57%, products from acquisition of CMD of 100%, small signal products of 22%, zener products of 64%, protection products of 28%, thyristor products of 72%, bipolar power products of 34% and products from acquisition of Catalyst Semiconductor, Inc. (Catalyst) of 7%, partially offset by decreases in revenues from filters of 6%.
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On Semiconductor Corp. has a market cap of $2.99 billion; its shares were traded at around $6.96 with a P/E ratio of 13.6 and P/S ratio of 1.7. ONNN is in the portfolios of Pioneer Investments, Columbia Wanger of Columbia Wanger Asset Management, Columbia Wanger of Columbia Wanger Asset Management, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, Kenneth Fisher of Fisher Asset Management, LLC.
Highlight of Business Operations:
For the third quarter of 2010, we expect gross profit as a percentage of revenues to be approximately 42.2% to 42.7%. For the third quarter of 2010, we also expect total operating expenses of approximately $141.0 million to $145.0 million, which includes amortization of acquisition-related intangible assets, restructuring and other charges of $10.0 million.Revenues were $583.3 million and $419.8 million during the quarters ended July 2, 2010 and July 3, 2009, respectively. The increase in the second quarter of 2010 as compared to the second quarter of 2009 was primarily due to an increase in volume and mix of 40% combined with increased revenues from our acquisition of SDT, CMD and PulseCore of $15.3 million, or 4%, partially offset by decreases in average selling prices of approximately 5%. The revenues by reportable segment were as follows (dollars in millions):
Revenues from automotive power group increased $46.2 million, or 50%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from mixed signal automotive products of 61%, MOSFETs of 38%, analog automotive products of 84%, LDO and voltage regulator products of 46% and auto power products of 35%.
Revenues from computing and consumer products increased $39.6 million, or 42%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from signal and interface products of 52%, power switch products of 44%, standard logic products of 79%, AC to DC conversion products of 39%, DC to DC conversion products of 37%, analog switch products of 21% and low voltage power products of 7%.
Revenues from digital and mixed-signal product group increased $16.4 million, or 16%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from industrial products of 68%, high frequency products of 22%, foundry products of 12%, revenues from the recent acquisition of SDT, military and aerospace products of 4%, revenues from acquisition of PulseCore Holdings (Cayman) Inc. (PulseCore) of 100% and manufacturing service products revenues of 11%, partially offset by decreases in revenues from integrated sensor products of3% and communication and high voltage products of 25%.
Revenues from standard products increased $61.3 million, or 46%, in the second quarter of 2010 as compared to the second quarter of 2009. The increase is attributed to increases in revenues from rectifier products of 57%, products from acquisition of CMD of 100%, small signal products of 22%, zener products of 64%, protection products of 28%, thyristor products of 72%, bipolar power products of 34% and products from acquisition of Catalyst Semiconductor, Inc. (Catalyst) of 7%, partially offset by decreases in revenues from filters of 6%.
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