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Stock impact report

Bear of the Day: ON Semiconductor (ON) [Yahoo! Finance]

ON Semiconductor Corporation (ON) 
Last on semiconductor corporation earnings: 2/3 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
ON Semi provided downbeat earnings guidance once again when it reported its Q4 results in early February. ON stock has declined 22% over the last three years, while the Zacks Tech Sector surged 50%. Wall Street has soured on the chip stock amid shifting industry conditions that have led to declining earnings and revenue. What's Going Wrong with ON Stock Right Now ON Semi is a standout in the analog chip industry, offering solutions for the industrial and automotive sectors. Over the past few years, the company has focused on boosting margins and exiting low-margin, non-core products. A pivotal 2021 acquisition transformed ON Semi into a silicon carbide supplier, a key material used in EVs, chargers, energy infrastructure, and more. ON Semi posted strong growth in 2021 and 2022, fueled by soaring EV sales and increased spending on sustainable energy and industrial automation. However, the company operates in a cyclical business tied to the broader boom-and-bust spending patter Show less Read more
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