ON Semiconductor Corp (ON) has witnessed a significant drop in its market performance, lagging behind the general market. Despite minor gains, the company shares fell by 3.87% on Dec 4 and are down 5.2% since the last earnings report. Their Q3 earnings were expected to decline, drawing a lot of attention from investors trying to understand the potential reasons for the downslide. The company registered a bigger fall than the market amidst a few signs of growth, including beating Q2 earnings and revenue estimates. Significant insider selling was noted with CEO & President Hassane El-khoury selling shares of the company. Amidst these trends, the company's reliance on international revenue and investor interest continue to be key points of discussion. Wall Street 's estimates for key metrics were keenly observed. In terms of future outlook, the firm increased its stake in ON Semiconductor and analysts suggest considering investment despite market fluctuations. The company is navigating through market challenges and still holds the potential of becoming a major player in the AI boom.
On Semiconductor Corp ON News Analytics from Mon, 13 Sep 2021 07:00:00 GMT to Sat, 14 Dec 2024 11:03:31 GMT -
Rating -5
- Innovation 0
- Information 2
- Rumor -3
