ON Semiconductor Corp (ON) has been a hot topic in the stock market, with varied opinions on whether it's the best undervalued semi-conductor stock to buy. Though the company exceeded certain market returns, it also fell more drastically than the general market. There have been reports about its larger drops and significant dips alongside broader market gains. ON also faces challenges due to market downturns, affecting its growth trajectory.
Despite the declining stock prices, analysts are optimistic. ON also showcased resilience, with reports suggesting it outperformed the market on certain days. They recently acquired SiC JFET technology from Qorvo for $115M, enhancing their EliteSiC portfolio.
ON's strategic collaborations, like with DENSO for autonomous driving technologies, have sparked investor attention. Their third-quarter earnings beat analyst estimates, even registering record revenues. However, insiders, notably Sudhir Gopalswamy and Hassane El-khoury, sold a substantial number of shares, implying hesitancy. Financial prospects also indicate strength while its international revenue dependency is observed.
Bulls highlight ON's potential growth story and recommend buying the stock in the prevailing market conditions. Meanwhile, the Q3 performance was mixed, with impressive results amidst sales slide and a soft outlook.
On Semiconductor Corp ON News Analytics from Wed, 13 Mar 2024 07:00:00 GMT to Sat, 25 Jan 2025 15:47:08 GMT -
Rating 3
- Innovation -1
- Rumor 2
