What a brutal six months it’s been for Western Digital. The stock has dropped 39.5% and now trades at a new 52-week low of $40.41, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
What a brutal six months it’s been for onsemi. The stock has dropped 39.3% and now trades at $42.72, rattling many shareholders. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
Analog chips maker ON Semiconductor (NASDAQ:ON) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 14.6% year on year to $1.72 billion. Next quarter’s revenue guidance of $1.4 billion underwhelmed, coming in 16.8% below analysts’ estimates. Its non-GAAP profit of $0.95 per share was 2.4% below analysts’ consensus estimates.
Semiconductors are the core infrastructure powering the Information Age. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending.
Unfortunately, it’s unclear if we’re primed for another upswing as the industry’s 5.4% return has lagged the S&P 500 by 10.5 percentage points.
Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 41.3% year on year to $4.29 billion. On the other hand, next quarter’s revenue guidance of $3.85 billion was less impressive, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.77 per share was 2.7% below analysts’ consensus estimates.
Over the past six months, Western Digital’s stock price fell to $64.51. Shareholders have lost 11.7% of their capital, which is disappointing considering the S&P 500 has climbed by 7.7%. This may have investors wondering how to approach the situation.
Three dividend stocks that have captured analyst attention include Motorola Solutions, Nike, and Townsquare Media; all provide opportunities for growth in 2025.
These stocks have a strong history of dividend growth, which portrays that they are primarily mature companies that are less susceptible to large swings in the market.
