ON Semiconductor Corp has been experiencing a mixed performance in the market. The company's stock has both gained and lagged behind the market on different days. It has also been trending and attracting investor attention due to fluctuations in its stock prices. The company has been showing an inconsistent performance compared to competitors, sometimes outperforming them on strong trading days and sometimes underperforming them. Meanwhile, experts seem to differ on whether ON Semiconductor is the best semiconductor stock to invest in amid market changes.
Fears about tariffs and interest rates are impacting the company's performance. Despite failure in meeting the Q4 earnings and revenue estimates, Wall Street analysts appear to be optimistic about its future, even as they grapple with concerns about the dip in the stock price. Recession fears have led to downward revisions of the price targets by analysts for ON Semiconductor. The company is also shedding 2,400 jobs to stay competitive in the expanding AI chip market, while making notable acquisitions such as SiC JFET technology from Qorvo worth $115 million.
On Semiconductor Corp ON News Analytics from Mon, 29 Jul 2024 07:00:00 GMT to Fri, 11 Apr 2025 22:00:16 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor -2
