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ON / ON Semiconductor shares topple on disappointing 4Q guidance

ON Semiconductor shares topple on disappointing 4Q guidance
ON Semiconductor Corp (NASDAQ:ONNN) has reported third-quarter revenue and earnings that topped analysts' expectations but fourth-quarter guidance that disappointed the market, sending its shares sharply lower in early Monday morning trading.    The Arizona-based chipmaker reported a 0.5% decline in revenue to $2.18 billion for the quarter, while adjusted earnings per share (EPS) fell 4.1% to $1.39, beating the consensus estimates of $1.35, according to Zacks Investment Research. Read More
Posted: Oct 30 2023, 10:11
Author Name: Proactive Investors
Views: 112556

ON News  

Why ON Semiconductor Stock Slumped in October

By The Motley Fool
November 4, 2023

Why ON Semiconductor Stock Slumped in October

The inherent cyclicality in the semiconductor reared its head for ON Semiconductor in 2023. The company's end markets are set for long-term growth. more_horizontal

ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know

By Zacks Investment Research
November 3, 2023

ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know

Recently, Zacks.com users have been paying close attention to ON Semiconductor Corp. (ON). This makes it worthwhile to examine what the stock has in s more_horizontal

ON Semiconductor Stock Tanks After an EV Slowdown Looks Possible -- Will It Charge Up Again Soon?

By The Motley Fool
November 3, 2023

ON Semiconductor Stock Tanks After an EV Slowdown Looks Possible -- Will It Charge Up Again Soon?

The chip designer and manufacturer is forecasting a decline in sales to close out 2023. EVs are still a growth market, but weakness elsewhere and high more_horizontal

ON Semiconductor: I'm In, Long-Term Thesis Still Intact (Rating Upgrade)

By Seeking Alpha
October 31, 2023

ON Semiconductor: I'm In, Long-Term Thesis Still Intact (Rating Upgrade)

Onsemi's share price dropped 20% after reporting lower guidance, presenting a buying opportunity for long-term investors. Q3 sales were slightly above more_horizontal

ON Semiconductor Stock Price Plummeted 20% in 1 Day, Dragging Other Semiconductor Stocks With It

By The Motley Fool
October 31, 2023

ON Semiconductor Stock Price Plummeted 20% in 1 Day, Dragging Other Semiconductor Stocks With It

ON Semiconductor saw a pocket of weakness in the EV market, triggering a stock sell-off. more_horizontal

Lattice Stock Tumbles. Like ON Semi, the Chip Maker Sees Weaker Auto Sales

By Barrons
October 31, 2023

Lattice Stock Tumbles. Like ON Semi, the Chip Maker Sees Weaker Auto Sales

The company's earnings beat expectations but its guidance disappointed as it forecast a drop in demand. more_horizontal

Tesla Skids 4.79% As ON Semiconductor Hits The Brakes

By MarketBeat
October 31, 2023

Tesla Skids 4.79% As ON Semiconductor Hits The Brakes

Despite a gain of 1.13% in the Invesco QQQ NASDAQ: QQQ, which tracks the Nasdaq 100 index, Tesla Inc. NASDAQ: TSLA skidded 4.79% after disappointing g more_horizontal

ON Semiconductor CEO El-Khoury on Earnings, Forecast

By Bloomberg Technology
October 30, 2023

ON Semiconductor CEO El-Khoury on Earnings, Forecast

Hassane El-Khoury, CEO of ON Semiconductor, discusses the company's earnings results after it gave a fourth-quarter forecast that was weaker than expe more_horizontal


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