UPDATE: ON Semiconductor (ON) PT Raised to $45 at Deutsche Bank
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ON Semiconductor Reports Fourth Quarter and 2020 Annual Results
February 1, 2021 8:00 AM ESTPHOENIX--(BUSINESS WIRE)-- ON Semiconductor Corporation (Nasdaq: ON) today announced financial results for the fourth quarter of 2020 and the fiscal year 2020 with the following highlights:
Fourth Quarter revenue of $1,446.3 million, up three percent year-over-year Fourth Quarter GAAP diluted earnings per share of $0.21 as compared to $0.14 in the quarter a year ago Fourth Quarter Non-GAAP diluted earnings per share of $0.35, as compared to $0.30 in the quarter a year ago Record automotive revenue of $491 million in the fourth quarter Annual 2020 operating cash flow increased to $884.3 million from... More