ON Semiconductor At 'Cyclical Trough' After Q1 Earnings Beat, Analyst Sees 25% Upside

ON Semiconductor At ‘Cyclical Trough’ After Q1 Earnings Beat, Analyst Sees 25% Upside

May 19, 2024

in Stocks

Reading Time: 2 mins read

ON Semiconductor Corp (NASDAQ:ON) stock was trading higher by more than 4% on Monday after the Scottsdale, Arizona-based company reported a first-quarter earnings beat.

The company, currently trading at $70.82 a share, delivered a 3.85% surprise on EPS and a 0.70% surprise on revenue.

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ON Semiconductor At ‘Cyclical Trough’ After Q1 Earnings Beat, Analyst Sees 25% Upside

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ON Semiconductor At ‘Cyclical Trough’ After Q1 Earnings Beat, Analyst Sees 25% Upside

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