NEW YORK, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Delaware on behalf of those who acquired ON Semiconductor Corporation ("ON" or the "Company") (NASDAQ:ON) securities during the period from May 1, 2023 through October 27, 2023 (the "Class Period"). Investors have until February 12, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On October 30, 2023, ON released its third quarter 2023 financial results, revealing that the Company was "taking a very cautious approach" with its silicon carbide ("SiC") products due to signs of weakening demand and would miss its $1 billion 2023 SiC revenue ...
ON) Investors and Encourages Investors to Contact the Firm Before February 12, 2024>Full story available on Benzinga.com