The company also announced that its board of directors has approved a new share repurchase program with authorization to repurchase up to $3B of shares of the company’s common stock through December 31, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ON:
- ON Semiconductor Corporation Reported Earnings. Did it Beat Estimates?
- ON Semiconductor price target raised to $85 from $75 at Piper Sandler
- ON Semiconductor and VW team on silicon carbide technology for nest-gen EVs
- ON Semiconductor price target raised to $83 from $72 at Truist
- Aehr Test Systems price target raised to $45 from $31 at Craig-Hallum