ON Semiconductor stock heads into week ahead with Feb. 9 earnings date now the next big test
ON Semiconductor shares fell 1.7% to $61.98 Friday, closing about 6% below their 52-week high. The company will report fourth-quarter and full-year results after markets close Feb. 9, with a call at 5 p.m. ET. The PHLX Semiconductor Index dropped 1.21% to 7,957.93. The Federal Reserve’s rate decision on Jan. 28 is seen as a near-term risk for chip stocks.