ON Semiconductor Corp (ON) has seen a downturn in performance, with its stock falling significantly and underperforming the broader market. Analysts have lowered its price target to $70 due to demand uncertainty. Despite this, the company remains a potentially undervalued stock and differentiates itself with strategic acquisitions, such as the $115M purchase of SiC JFET technology. Its relationship with international revenue also draws attention. With Q3 earnings and revenue exceeding estimates,
ON Semiconductor continues showcasing resilience in a challenging market. Amid market downturns, collaborations with companies like
DENSO for autonomous driving technologies reveal
ON's innovation strategy. Moreover, the company's
Q3 2024 earnings showed a solid EPS of $0.93, beating estimates, and bringing in $1.76 billion in revenue. The corporation's potential in powering the AI boom could make it a top-performing semiconductor stock by 2025. Despite certain insiders selling their shares, strategic acquisition initiatives such as by BlackRock Inc. and collaborations with other tech companies in the self-driving sphere underscore
ON's progressive trajectory. Notwithstanding the manufacturer's challenges, experts affirm that the
ON growth story remains intact.
On Semiconductor Corp ON News Analytics from Mon, 08 May 2023 07:00:00 GMT to Fri, 31 Jan 2025 22:50:19 GMT -
Rating -2
- Innovation 1
- Information 4
- Rumor 4
