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ON Semiconductor (ONNN)
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ShareON Semiconductor (ONNN - Analyst Report) is an OEM of primarily analog semiconductors used within a diverse set of end markets. June quarter results beat consensus expectations, with management guiding for stronger results in the September quarter.
Recent acquisitions, a broad product portfolio, a well diversified business across end markets and geographies, restructuring actions and debt reduction initiatives are other positive factors.
While competition is strong as ever and restrictive covenants and some residual integration risk remain, we believe the positives far outweigh these negative factors. Consequently, we are reiterating our OUTPERFORM rating on the stock.
ON Semiconductor (ONNN) : FULL ANALYST REPORT
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Read the full analyst report on ONNN
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