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IFNNY - ON Semiconductor Offering An Exciting Growth And Margin Leverage Story
Infineon Technologies AG ADR
ON Semiconductor reported better than expected second quarter earnings, helped by white-hot demand and internal margin improvement efforts.
The recent Analyst Day outlined a credible long-term success story built around above-market growth (focusing on EVs, ADAS, and industrial power and imaging) and improved operating efficiency.
ON's internal targets are credible and could still offer upside; in a still-pricey sector, ON offers appealing upside.