ON Semiconductor Corp. (ON) has been drawing significant investor interest. It experienced a greater market dip compared to general market conditions, recording more losses than gains. It underperformed compared to its competitors, and was reported as one of the most oversold S&P 500 stocks. The company's Q4 performance was below market expectations, as it missed both earnings and revenue estimates. This resulted in falling share prices and a downgrade on by Susquehanna and Jim Cramer. However, it still garners attention as it is viewed as an undervalued stock in the EV sector, especially amidst a tech selloff. Despite setbacks, ON has bold moves such as proposing acquisition of Allegro MicroSystems valued at $6.9 billion. The future sees challenges with declining Q3 earnings expected, but the company is not shying from innovation, as noted by its collaboration with Denso to boost self-driving technology. The company is viewed by some analysts as a potential recovery and long opportunity.
On Semiconductor Corp ON News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Fri, 14 Mar 2025 15:07:43 GMT -
Rating -4
- Innovation 4
- Information 6
- Rumor 1
