**ON Semiconductor Corp (ON)** reportedly missed **Q4 earnings** and revenue estimates, causing the stock to suffer a downturn. The semiconductor industry exhibited signs of slowing, especially in the automotive sector, resulting in a demand uncertainty. ON Semiconductor's Q4 revenues were down by 15% due to this weakened demand. These missed estimates and the difficulties in the automotive market caused the company's stock to dip significantly. However, despite the poor earnings report, Wall Street analysts remain optimistic about ON Semiconductor, believing it to be a promising undervalued stock. Experts even suggest that the current market situation presents an opportunity for investors. Despite the recent downturn, the company's free cash flow tripled to $1.2B, demonstrating resilience against the market headwinds. Furthermore, ON Semiconductor strengthened its collaboration with DENSO for autonomous driving and ADAS technologies, an initiative that may promise future growth.
On Semiconductor Corp ON News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Fri, 14 Feb 2025 14:00:00 GMT -
Rating -7
- Innovation 4
- Information 7
- Rumor -5
