ON Semiconductor heads into earnings with Synaptics deal and sector weakness in focus
ON Semiconductor reports after the close with Wall Street looking for $0.71 in EPS on $1.59 billion in revenue. The stock has slid roughly 13% over the last month to $80.40, trading well below an InvestingPro fair value estimate of $95.59. Options markets imply roughly a 10% move up or down into the print, while last year’s same-quarter release pro…