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ON Semiconductor Corp. (ON) reachead $69.03 at the closing of the latest trading day, reflecting a -0.42% change compared to its last close.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended September 27, 2024, before the market opens on Monday, October 28, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on October 28, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manners: Webcast: A live webcast of the conference call will be available via.
In the closing of the recent trading day, ON Semiconductor Corp. (ON) stood at $70.53, denoting a -0.79% change from the preceding trading day.
ON Semiconductor is facing macroeconomic uncertainty, stiff competition, and revenue decline due to inventory correction in the automotive and industrial markets.
ON's automotive prospects remain bright, attributed to its multi-year LTSAs and diversified offerings across ICE/ Hybrid/ EV platforms. The management already hints at demand stabilization, with demand inflection likely to occur in the second half of the decade. This is attributed to the government's intensified charging investments, the launch of mass-market EV models, and the lower borrowing costs as the Fed pivots.
A water technology stock, an airline, and a semiconductor stock make up a list of great stocks to buy now.
In the closing of the recent trading day, ON Semiconductor Corp. (ON) stood at $71.51, denoting a +0.65% change from the preceding trading day.
CNBC's Seema Mody joins 'Squawk on the Street' to report on chip stocks taking a dip on headlines out of China.
ON Semiconductor Corp. (ON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ON Semiconductor Corp. (ON) concluded the recent trading session at $69.74, signifying a +0.24% move from its prior day's close.