Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

ON Semiconductor Coming Along

Up around 22% since I wrote about it as a Top Idea, I can't complain too much about how the ON Semiconductor (ONNN) has developed. The company's SANYO business still isn't up to snuff, but the company's leverage to industrial and auto markets puts it in the right place at the right time. Rising inventories are a potential area of concern, but ON still has more margin upside than the average analog chip company today.

Good Margin Progress in Q1

Sentiment has been shifting strongly more positive on ON Semiconductor, but the company couldn't quite live up to that in the first quarter. Revenue rose 7% yoy, but slipped 2% from the fourth quarter and missed the sell-side average

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details