ON Semiconductor Corp stock: What investors should know now
ON Semiconductor Corp exceeded EPS estimates with $0.64, surpassing the expected $0.62, despite an 11.2% year-over-year revenue decrease to $1.53 billion. The company, traded as ON on Nasdaq, focuses on power management, sensors, and analog solutions for high-growth sectors like EVs and industrial automation. Analysts generally advise a "Hold" rating, with an average 12-month price target of around $64, reflecting optimism for long-term growth in electrification trends balanced against current revenue softness.
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