ON Semiconductor Analyst Day extremely bullish, says Susquehanna Susquehanna believes the ON Semiconductor analyst Day last week was extremely bullish on both the prospects for a cyclical recovery and specific drivers for the company. The firm noted increased traction in smartphones and the potential for improved earnings power. Shares are Positive rated with a $10 price target.
ON Semiconductor rallies after unveiling new auto focus technology ON Semiconductor announced earlier today that it has successfully demonstrated its second generation Phase Detect Auto Focus, PDAF, technology featuring a unique pixel micro-lens technology that enables fast focus at 25 Lux light levels. This unique technology has been successfully implemented on a 13 megapixel test chip with 1.1 micron pixels and will be utilized in a new product introduction for mobile end-market customers later this year. Shares of ON Semiconductor are higher by over 5% in morning trading.