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ON Semiconductor in spotlight as Wells Fargo adds to Q3 Tactical Idea list

seekingalpha.com 2 days ago
Macro close up of Silicon Carbide black sand size. Fine particle silicon carbide pile up, White background Isolated, particle element object
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  • Delving a bit deeper, Mobley said that peers like Analog Devices (ADI) and Texas Instruments (TXN) have all performed "well" this year, while On shares have lagged, down slightly more than 15% year-to-date. However, once On's management highlights improving month-over-month booking trends, it's likely that On shares should "catch up" with its larger peers, Mobley posited.
  • Longer-term, On should earn at least $10 per share on an adjusted basis, even as investor expectations for the silicon carbide market decline, Mobley said.
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