ON Semiconductor Corp (ON) has been recently in the spotlight attracting investor attention. The company's stock performance has been turbulent, with upswings and downturns in comparison to competitors. A 52-week low at $41.59 was recorded amid market shifts, however, its potential as an undervalued semiconductor stock is being recognised by the industry. Wall Street analysts look optimistic, despite recent earnings and revenue misses. As it navigates market challenges, the possible upside due to the
company's international revenue performance and position in the EV sector is appealing to investors. A
restructuring plan to cut 2,400 jobs has been launched by the company to stay competitive and focus on AI chip growth. Ongoing challenges in the market have led the stock to underperform with downticks in prices, which have investors concerned. However, several potential catalysts for growth, such as a possible takeover of Allegro MicroSystems at a $6.9B value and a collaboration with DENSO for autonomous driving and ADAS technologies, hint at notable future possibilities.
On Semiconductor Corp ON News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Fri, 28 Mar 2025 21:42:12 GMT -
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- Innovation -1
- Information 6
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