ON Semiconductor Stock Rises. CEO Says the Chip Maker’s Worst Days Are Over. - Barron's
1. ON Semiconductor's stock gained 5.8% following positive CEO comments. 2. CEO expects recovery in the second half of the fiscal year. 3. First-quarter results showed a 22% revenue decline, raising concerns. 4. Analysts note early signs of recovery, particularly in industrial markets. 5. Company forecasts adjusted earnings of 48-58 cents, exceeding analyst estimates.