onsemi (ON) Tops Q4 EPS by 6c, Offers Guidance, Announces $3 Billion Share Repurchase Program

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Go back to onsemi (ON) Tops Q4 EPS by 6c, Offers Guidance, Announces $3 Billion Share Repurchase Program

ON Semiconductor (ON) share buybacks expresses confidence in cash generation ability - Credit Suisse

February 6, 2023 12:15 PM EST

ON Semiconductor (NASDAQ: ON) shares opened Monday's session lower but are now up on the day following its latest earnings release, which saw it top earnings and revenue expectations.

Credit Suisse analyst Chris Caso, who has a Neutral rating and $83 per share price target on the stock, said the company's earnings were a slight upside,... More