Examine the evolution of ON Semiconductor Corp.'s (ON) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
ON Semiconductor Corporation (NASDAQ:ON) Q1 2024 Earnings Call Transcript April 29, 2024 ON Semiconductor Corporation beats earnings expectations. Reported EPS is $1.08, expectations were $1.04. ON Semiconductor Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and thank […]
Benchmark analyst David Williams maintained ON Semiconductor Inc (NASDAQ:ON) with a Buy and lowered the price target from $88 to $80. While ON’s results were better than feared, with stabilization in the Auto market and moderate improvement in traditional Industrial, Williams noted that the outlook missed expectations on persistent inventory digestion and a tepid demand environment. SiC remains the key momentum driver in the near term, with convincingly strong evidence of the firm’s ability to o