ON Semiconductor: Short-Term Pain For Long-Term Gain
ONON Semiconductor(ON) Seeking Alpha·2024-05-31 00:01
metamorworks Introduction Onsemi (NASDAQ:ON) has recently retreated from recent highs and is trading close to where I covered the company last back in October ’23 where I said that the sharp drop was unwarranted, and it is a good time to get in on the action. I wanted to revisit the company once again and see how the company has performed throughout ’23 and whether the share price declines are justified. With a decline in revenues and margins due to the continual negative sentiment in the auto and indus ...