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Zenger

Business

Priya Nigam

ON Semiconductor Surges On Upbeat Q2 Earnings, Analysts Boost Price Targets

On ON Semiconductor Semiconductor Automotive Industrial SIC Christopher Rolland Vijay Rakesh William Stein United States

Aerial photo shows the factory of Taiwan Semiconductor Manufacturing Company (TSMC) in Nanjing, Jiangsu province, Aug 1, 2023. Taiwan Semiconductor Manufacturing (TSM) on July 31 turnover of 857 million US dollars, in the day's 58th US stocks, turnover increased 25.86% from yesterday, the day's volume of 8.6541 million. Taiwan Semiconductor Manufacturing (TSM) is down 1.75% through July, up 33.11% year-to-date and up 12.06% in the past 52 weeks. (COSTFOTO/GETTY IMAGES)

Shares of ON Semiconductor Corp (NASDAQ: ON) rose in early trading on Tuesday, after the company reported upbeat earnings for its second quarter.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.

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