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02 Nov 2023
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Tan Kin Lian - Investment Journey
ON Semiconductors
The price of this stock dropped 40% in two months, due to weaker demand for their chips that are used by electric vehicles.
At the current price, the PE ratio is 13.07 times and the dividend yield is 3.28%.
I find this stock to be attractive. The price drop was overdone. I am optimistic that the demand for their chips will recover and the current price is quite attractive.
I bought 1,000 shares for USD 65,800.
Tan Kin Lian
Tan Kin Lian
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