Top Tech Spec: ON Semiconductor
This week, one of Cramer’s favorite tech specs, ON Semiconductor reported strong Q2 earnings and raised their guidance. The company, which makes power management components that are used in many different devices has been a beneficiary of the wave of action in the mobile internet market, with 40% of its sales from China.
Even after at 30% run since Cramer recommended the stock back in early May, he’s still bullish on the name months later. Since the CEO, Keith Jackson, was on the show back in late May, the stock has been up almost 20%. But now, Cramer wants to know how much more room there is to the upside for this healthy tech play. To get the answer, Cramer is going right to the horse’s mouth. Check out the video to get the full interview and see Cramer’s full take on the company!
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