ON Semiconductor Corp.
Advanced Micro Devices (NYSE: AMD) dropped 12% after the announcement that current CFO Thomas Seifert will be leaving the company. Seifert had only been with the company for three years, but in the wake of recent upper management turmoil and a drop in sales he had become a reliable asset. If nothing else, he had the longest tenure of any C-level executive at the company. Investors had seen time and more »
Billionaire hedge fund manager Ken Griffin disclosed a 5.1 percent stake in ON Semiconductor (NASDAQ: ONNN) on Tuesday. Citadel Investment Group now owns 23.2 million shares of the company, up from 5.9 million at the end of March. During the first quarter of this year, Ken Griffin’s Citadel reduced its stake in the stock by nearly 60 percent (you can view Citadel’s portfolio here). The more »
Despite the recent 27% run-up in price since the first trading week of this year, Vishay (NYSE: VSH) shares are still down almost 38% from their late-April 2011 high. As a leading manufacturer and supplier of discrete semiconductors and passive electronic components, VSH and close competitors have experienced most of the negative economic downturn effects to which the industry is prone. Average quarterly revenues during trough periods (Q4 2008 - Q3 more »