Zacks Investment Research downgraded shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a hold rating in a report issued on Tuesday.
According to Zacks, “ON Semi is an original equipment manufacturer (OEM) of a broad range of discrete and embedded semiconductor components. The company benefits from robust demand, adoption and favorable product mix. The company continues to gain from its strength in automotive and industrial end-markets. The addition of Fairchild’s offerings has expanded the company’s product portfolio. Synergies from acquisitions have given....More>>>