ON Semiconductor Corp. (ON) experienced a range of market performance. The company consistently outperformed the general market, producing both gains and losses. ON was deemed a trending stock and was in sync with analysts' Predictions for Q1 2024 earnings. However, due to certain market conditions, the company's stock fell while the market rose. Earnings and revenue for Q4 and Q1 both exceeded estimates. There's been a heavy investor attraction towards ON because of its performance. The company's shares were purchased extensively by Exencial Wealth Advisors LLC. Oppenheimer & Co. Inc. also has a massive $2.57 million stake in the company. Despite market trends, ON's fundamentals remain strong, even outperforming estimates in its Q1 report. However, the company presented disappointing earnings results. Moreover, ON's performance was compared to the performance of peers in Semiconductors & Semiconductor Equipment. Shareholders were reminded of a class action lawsuit filed against the company by Robbins LLP.
On Semiconductor Corp ON News Analytics from Tue, 25 Jul 2023 07:00:00 GMT to Sun, 09 Jun 2024 12:17:23 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -2
