Major U.S. indices closed higher on Monday, with the Dow Jones Industrial Average advancing 1.32% to 53,178.41, the S&P 500 climbing 1.48% to 7,600.50 and the Nasdaq gaining 2.13% to 25,913.89.These are the top stocks that gained the attention of retail traders and investors through the day:Palanti…
Q2 2026 results surpassed guidance with strong AI data center, automotive, and energy infrastructure growth. Gross margin and EPS expanded, supply constraints prioritized AI shipments, and Synaptics acquisition was announced. AI and EV TAMs were significantly raised.Based on ON Semiconductor Corpor…
Q2'26 results exceeded guidance with strong revenue, margin, and EPS growth, and free cash flow up 3x year-over-year. Guidance for Q3'26 anticipates continued growth, supported by strategic acquisitions and robust capital returns to shareholders.Original document: ON Semiconductor Corporation [ON…
Revenue grew 9% year-over-year to $1.6B, with EPS up four times faster than revenue and free cash flow quadrupling. AI data center and power solutions drove growth, and the Synaptics acquisition was announced to expand capabilities. Q3 guidance projects continued margin and revenue expansion.Origin…
Swiss performance sportswear brand On (NYSE: ONON) announced today that the Company will release its second quarter 2026 financial results on Tuesday, August 11, 2026 before U.S. financial markets open.The Company’s management will host an earnings conference call and webcast at 8 a.m. U.S. Eastern…
SCOTTSDALE, Ariz., July 16, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) plans to announce its financial results for the second quarter, which ended July 3, 2026, after market close on Monday, August 3, 2026.The company will host a conference call at 5 p.m. Eastern Time (ET) on August 3, 2026, foll…
ON Semiconductor (NASDAQ:ON) will sell its Mountain Top, PA site to Silex Microsystems with a planned closing in January 2028, a move the company says enables product transitions and aims for about $35M in annual savings by 2028 as Susquehanna raised its price target to $150.Previous Week Recap…
STOCKHOLM (dpa-AFX) - ON Semiconductor Corporation (ON), a semiconductor company, said on Tuesday that it has inked deals to sell two production plants as part of its ongoing initiative to cut costs to drive gross margin expansion.These transactions are expected to result in cost savings of around…
Chipmaker Onsemi NASDAQ:ON on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3% in premarket trading. They have gained nearly 75% this year.Here are some details:
By Connor HartON Semiconductor will sell two manufacturing facilities as part of its continuing efforts to optimize its footprint and improve its cost structure.The chip maker on Tuesday said it will sell a facility in the Philippines to Greatek Electronics, a Taiwanese semiconductor company. It wi…
ON Semiconductor to Divest Two Manufacturing Facilities
SCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi NASDAQ:ON today announced it has entered into definitive agreements to divest two manufacturing facilities. These planned divestitures are part of onsemi’s ongoing initiative to improve companywide manufacturing cost structure to drive sus…
What Happened? A number of stocks fell in the afternoon session after the semiconductor sector pulled back amid fears that AI-driven chip demand may be cooling.The broader Philadelphia Semiconductor Index plunged over 7%, dragging down chipmakers. The negative sentiment was amplified by a warning f…
(12:36 GMT) ON Semiconductor Price Target Cut to $125.00/Share From $150.00 by Mizuho
(14:35 GMT) ON Semiconductor Price Target Raised to $110.00/Share From $100.00 by Cantor Fitzgerald
ON Semiconductor to acquire a firm, targeting ~$200M annual synergies and boosting adjusted EPS by mid‑2027; deal aims to expand edge‑AI products for automotive and industrial mark
U.S. stock indices fell on Friday with the S&P 500 and Nasdaq ending the week lower as investors sold off megacap tech stocks and turned towards defensive sectors.The S&P 500 fell 0.1%, the Nasdaq 100 lost 1.1% and the Dow Jones fell 0.1% on Friday. The Russell 2000, which tracks stocks with small…
The S&P 500 Index AMEX:SPY on Friday closed down -0.05%, the Dow Jones Industrial Average AMEX:DIA closed down -0.09%, and the Nasdaq 100 Index NASDAQ:QQQ closed down -1.09%. September E-mini S&P futures (ESU26) fell -0.12%, and September E-mini Nasdaq futures (NQU26) fell -1.19%.Stock indexes sett…
By Noel Randewich and Joel JoseThe S&P 500 ended marginally lower on Friday, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks.The PHLX chip index NASDAQ:SOX tumbled 5.3%, underscoring recent volatility among AI-related chipmakers that have fueled m…
By Noel Randewich and Joel JoseWall Street ended mixed on Friday, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks.The PHLX chip index NASDAQ:SOX tumbled, underscoring recent volatility among AI-related chipmakers that have fueled much of Wall Stre…
