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What: Shares of energy-management chip maker ON Semiconductor
So what: First-quarter sales beat analyst targets by 5% while earnings posted a 35% positive surprise. Second-quarter guidance also points significantly above analyst expectations and is based on solid information such as rising order backlogs and booking trends, rather than on pure guesstimation.
Now what: The Sanyo Semiconductor acquisition is already paying dividends, adding about $0.06 of non-GAAP earnings per share in the first quarter. Previous owner Panasonic
Interested in more info on ON Semiconductor? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.