A top Goldman Sachs portfolio manager on 3 types of tech stocks to buy on the dip—and 2 to avoid [Fortune]
ON Semiconductor Corporation (ON)
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Source: Fortune
But for some money managers, the recent trials of the sector serve as a discount shopping opportunity for certain battered areas within tech. Though risks remain, "valuations are as attractive as they've been in a very long time in tech," Sung Cho, a portfolio manager of the Technology Opportunities Fund and Future Tech Leaders Equity ETF at Goldman Sachs Asset Management, tells Fortune . That's in part because the , the ongoing war in Ukraine and its broader economic impacts, and have all helped fuel the selloff, he notes. But even in a climate where global growth might struggle (or even, , in ), spending on tech should remain strong, Cho suggests: "We spend a lot of time with CEOs across multiple sectors and none of them are talking about cutting their tech budgets," says Cho. "Businesses have more pressure to be able to digitize, workloads are moving to [the] cloud at an accelerating pace, security is becoming paramount—So tech remains a very big priority." And while much of
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News
- onsemi (ON) to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- What Analyst Projections for Key Metrics Reveal About ON Semiconductor Corp. (ON) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Onsemi (NASDAQ: ON) had its price target lowered by analysts at Wells Fargo & Company from $110.00 to $95.00. They now have an "overweight" rating on the stock.MarketBeat
- ON Semiconductor Corp. (ON) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Earnings Preview: ON Semiconductor Corp. (ON) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
ON
Earnings
- 2/5/24 - Beat
ON
Sec Filings
- 4/23/24 - Form 4
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- ON's page on the SEC website