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ON Semiconductor Plunges 20% in a Year: Should You Buy the Dip or Wait?
ONON Semiconductor(ON) ZACKS·2024-12-26 17:01

ON Semiconductor (ON) shares have lost 20.2% over the trailing 12 months against the Zacks Computer & Technology sector’s return of 34.8%.The underperformance can be attributed to the overall muted demand due to ongoing inventory digestion and sluggish end markets, particularly in North America and Europe.However, ON’s prospects are expected to ride on strong growth in silicon carbide, particularly in utility-scale solar and China BEVs, along with increased demand for intelligent sensing solutions and power ...