ON Semiconductor's Q4 Revenues Down 15% As Automotive Industry Hits Massive Speed Bump, 7 Analysts Cut Forecasts On Continued Demand Weakness
1. ON Semiconductor's Q4 revenue declined 14.6% year-on-year. 2. First-quarter revenue guidance indicated a further decline of 18.7%. 3. Analysts have mixed ratings, with price targets significantly reduced. 4. Demand challenges, particularly in auto EV sector, continue to impact performance. 5. Management's inventory management strategy shows potential for recovery.