ON Semiconductor Corporation - Common Stock (ON) Stock Analysis — Latest Investor Quotes & Trade Calls

On Holdings Shows Resilience with Strong Q3 Performance

"So I know on holdings sticker on on this is the Swiss uh sneaker brand that's been backed by Roger Federer um I think by you guys and it's also pretty well known among learners. Um the company you know raised it sales and uh profit forecast after a strong third quarter especially in Europe and Asia. We saw sales in Asia more than double in the quarter. Um, the company already sells one of the most expensive running shoes in the industry, but its CEO told Bloomberg that even though it raised its prices in the US, people are still buying it shoes. And I think this just kind of shows that people with money are still spending."

The segment about on holdings focuses on the company's robust Q3 performance, with sales in Asia more than doubling and raised profit forecasts in Europe and Asia. The Swiss sneaker brand, backed by Roger Federer, appears resilient as consumers continue spending even after raising prices in the US.

On Holding Revenue Boost

"Okay, we'll move on to Swiss sneaker maker on holding. Okay. Ticker O N. Their shirts have actually been up as much as 11%. This is um a company backed by Roger Federer. Yes. Tennis champ. Founded in 2010. Yes. >> Didn't even know this company existed. Didn't even know this. I didn't even know this brand existed. >> Yes. 2010. Then it goes back to okay so they they boosted their forecast right for the year. Better than expected third quarter. Asia and Europe were a big part of it. They really snatching up on the shoes. Um they now see revenue growing 34% this financial year. I mean it's become one of the top performers in the sneaker world. It's even expanding to tennis. Yes, that's where they get in Roger Federer. Um training shoes, apparel as well. Um they're eating into markets. You have bigger players like Nike and Puma. They're they're giving them competition. the the Roger Clubhouse, $140 lifestyle all day tennis inspired Vespawearing shoe. I mean, I can see."

The discussion on on holding underscores its impressive performance, with shares up 11% and a boosted forecast featuring a 34% projected revenue growth for the financial year. Backed by Roger Federer, the company is positioning itself aggressively against established competitors like Nike and Puma in both sneaker and tennis apparel markets.