ON Semiconductor Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. ON Semiconductor's Q1 earnings are projected at 50 cents per share, down 54%. 2. Expected quarterly revenue is $1.4 billion, decreasing from $1.86 billion last year. 3. ON ceased its acquisition efforts for Allegro MicroSystems, citing no actionable path. 4. Analyst ratings showcase mixed sentiments with lowered price targets from key analysts. 5. ON shares recently experienced a 5.8% gain, closing at $41.91.