ON Semiconductor Stock Gains; results are expected Monday – 10/25/2024 at 8:32 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

October 25 – ** ON Semiconductor Corp ON.O shares were up 1.9% in afternoon trading Friday, with gains in other semiconductor stocks, and ON Semiconductor expected to report quarterly results early Monday

** A semiconductor index .SOX was up 1.5% on Friday, as shares of Nvidia NVDA.O rose 0.9% after Nvidia dethroned Apple AAPL.O as the company with the highest greatest value in the world

** ON Semiconductor is expected to report a drop in quarterly revenue to $1.751 billion from $2.18 billion a year ago, while it is expected to report a profit of 97c/shr from $1.39 for the previous period, according to LSEG

**Analyst recommendations on the stock include 17 “strong buy” or “buy” ratings, 13 “hold” ratings and two “sell” ratings, according to LSEG

**The 12-month median price target for ON Semiconductor Corp is $85.00; the stock was last at $71.42

** Including the session’s movement, ON is down 14% year to date, compared to a gain of about 23% on the Nasdaq .IXIC.