Is This Top Chipmaker for the Auto Industry a Buy?
ON Semiconductor (NASDAQ: ON) puts the "O" in MANGO -- the high-conviction semiconductor stock acronym Bank of America analysts recently coined. For reference, the "M" is Marvell Technology Group; the "A" is Advanced Micro Devices, Broadcom (based on the stock ticker), and Analog Devices; the "N" is Nvidia; and the "G" is Global Foundries.
It's been a few years since I last caught up with ON Semiconductor, but it's time to revisit and weigh the company on its own merits. It has new leadership and is undergoing efforts to refocus on its most profitable chip design and fabrication segments -- automotive and industrial automation technology. Is this auto supplier stock a buy?
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Source Fool.com
