Investopedia: ON Semiconductor Still Looking For Leverage

As investors open the books on 2013, there was widespread hope that this will be the year in which the semiconductor industry turns around. While a better demand environment would certainly help ON Semiconductor (Nasdaq:ONNN), internal operating leverage is even more important to the company's financial results. This stock is not tremendously compelling on a long-term basis, but if ON Semiconductor starts delivering better margins, better earnings and a revaluation of those earnings could make this a winning stock.

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