ON Semiconductor Corp. (ON) has been a major point of interest for investors and brokers. Its international revenue trends have raised concerns to some and optimism to others. Following a 14.6% rise since its last earnings report, several analysts expect the trend to continue due to potential growth in earnings. The company's Q1 earnings and revenues surpassed estimates, aligning with analyst EPS projections, drawing even more attention from potential investors. Wall Street brokers view ON as a good investment, however, disappointing earnings results have negatively affected the stock with share prices falling steeply. Following a surprising record automotive revenue growth in 2023, analysts have lowered expectations for the company after its subsequent underwhelming performance. The company's latest quarterly SEC 10-Q filing and its Q1 2024 earnings call transcript provides key insights about its financial status and future outlook. Despite going through some market turbulence, analysts hold the belief that the fundamentals of the ON stock remain strong and that it could be situated at a value 30% below its estimated intrinsic value. However, its price weakness is predicted to continue. Ultimately, whether ON should be viewed as a buy, hold or sell opportunity is viewed differently across the market.
On Semiconductor Corp ON News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 12:45:05 GMT - Innovation 2 - Information 4 - Rumor -2
