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Stock Market & Financial Investment News

News Breaks
February 19, 2013
08:39 EDTONNNON 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.
News For ONNN From The Last 14 Days
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April 8, 2014
10:03 EDTONNNOn The Fly: Analyst Upgrade Summary
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07:24 EDTONNNON Semiconductor upgraded to Buy from Neutral at MKM Partners
MKM Partners upgraded On Semiconductor based on valuation and an uptick in Industrial and Automotive segments.
April 3, 2014
11:35 EDTONNNON Semiconductor's Truesense acquisition a positive, says Deutsche Bank
Deutsche Bank said ON Semiconductor's acquisition of Truesense is a positive and immediately accretive.
April 2, 2014
16:19 EDTONNNON Semiconductor buys Truesense Imaging from Platinum Equity
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16:08 EDTONNNON Semiconductor to Acquire Truesense Imaging for $92M
ON Semiconductor signed a definitive agreement to acquire Truesense Imaging, a provider of image sensor devices addressing a wide range of industrial end-markets. Under the terms of the agreement, ON Semiconductor will pay approximately $92M in cash to acquire Truesense Imaging, subject to customary adjustments at closing. The acquisition will be funded by available cash on ON Semiconductor’s balance sheet. ON Semiconductor expects the acquisition to be immediately accretive to earnings and margins, excluding any non-recurring acquisition related charges and amortization of acquired intangibles. Based on unaudited results, Truesense Imaging’s revenue for 2013 was approximately $79M with gross and operating margins of approximately 44% and 23%, respectively. The transaction has been approved by ON Semiconductor’s and Truesense Imaging’s boards and is anticipated to close before the end of the second quarter of 2014.

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