There have been multiple false dawns in the chip sector, but it looks
like investors are positioning themselves for a better 2014. ON Semiconductor (ONNN)
is benefiting from that trend, as the shares are up about one-quarter
from November and have beaten both the S&P 500 and Nasdaq since I wrote favorably on the shares in mid-August.
Multiple
things should go right for the company in 2014, as weaker markets like
computing should be close to stabilizing and the company leverages
opportunities to go up-market in industrial, communications, and autos.
ON Semiconductor's efforts to fix the problem-child that is SANYO should
also start to pay off in a more meaningful way. Clearly there are a lot
of "shoulds" there, but I believe ONNN shares are still worth something
more on the order of $10 today.
Please continue here:
ON Semiconductor Catching Bids On Improving 2014 Sentiment
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