On Semiconductor is a leading provider of semiconductor solutions, specializing in semiconductor components, sensors, and systems that power a wide range of applications across various industries such as automotive, industrial, and consumer electronics. The company focuses on delivering innovative technologies that enhance energy efficiency, optimize performance, and enable advanced functionality in electronic devices. With a strong commitment to sustainability, On Semiconductor develops products that not only drive innovation but also contribute to reducing environmental impact, aligning with the growing demand for green technologies in today's digital landscape.
There's something to be said for active management; if I had just sort of crossed my arms and let the Sling and Arrows of Outrageous Fortune come along, it would have been bad. As it is, my 13 bearish positions are holding up nicely.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Friday. Below you can find the top S&P500 gainers and losers in today's session.
onsemi (Nasdaq: ON) plans to announce its financial results for the fourth quarter and full year, which ended December 31, 2024, before the market opens on Monday, February 10, 2025.
onsemi (Nasdaq: ON) today announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash.
Bolton maintains Buy rating for ON Semiconductor and lowers price target to $66. Weak demand, inventory digestion, and lowered utilization rates expected to impact revenue and margins in near term.
Shares of analog chips maker ON Semiconductor (NASDAQON)
fell 7.8% in the morning session after Truist analyst downgraded the stock's rating from Buy to Hold and lowered the price target from $85 to $60, citing weaker demand trends. Following a meeting with ON, the analysts added, "Management indicated that the business it intended to exit over the last couple of years will come to fruition this year, further pressuring revenue and, in turn, margins.".
