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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
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