ON Semiconductor's Q4 Revenues Down 15% As Automotive Industry Hits Massive Speed Bump, 7 Analysts Cut Forecasts On Continued Demand Weakness

Shares of ON Semiconductor Corp ON were climbing in early trading on Tuesday, despite the company reporting a steep decline in fourth-quarter revenues.The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways.Stifel On ON SemiconductorAnalyst Tore Svanberg reiterated a Hold rating, while slashing the price target from $60 to$52.ON Semiconductor reported its fourth-quarter revenue at $1.72 billion, down 2.2% sequentially and 14.6% year-on-year, which mi ...