Recent Security Class Actions

ON Semiconductor Corporation Common Stock (NASDAQ: ON)

Company Name:ON Semiconductor Corporation Common Stock
Stock Symbol:NASDAQ: ON
Class Period Start:05/01/2023
Class Period End (inclusive):10/27/2023
Filing Deadline:02/12/2024

The Complaint alleges that throughout the Class Period, Defendants misrepresented to investors: (1) the demand for the Company's silicon carbide ("SiC") and other products, and (2) the sustainability of the Company's revenue growth, by overstating the impact of the Company’s long-term supply agreements (“LTSAs”) on the achievability of its revenue streams. The Complaint further alleges that investors were significantly harmed as a result of Defendants’ false and misleading statements and material omissions. During the Class Period, the Company's market capitalization value reached a high of $46.6 billion on August 1, 2023, before falling to $28.2 billion on October 30, 2023.