ON SEMICONDUCTOR CORPORATION

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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
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COVID review for England could come this week, early next - source

01/17/2022 | 04:46am EDT
FILE PHOTO: British Prime Minister Johnson meets Oman's Sultan Haitham bin Tariq in London

LONDON (Reuters) - A review of "Plan B" measures to tackle the spread of COVID-19 in England could take place this week or early next, a senior government source said on Monday, part of efforts to move attention away from lockdown-breaking events at Downing Street.

Prime Minister Boris Johnson hopes to reset his agenda after coming under fire for attending a gathering in the garden of his Downing Street office and residence in May 2020, when strict COVID-19 rules forbade almost all socialising.

He has apologised for attending, but the growing reports of alcohol-fuelled gatherings at the heart of government have prompted calls for his resignation, including from some in his governing Conservative Party.

The removal of "Plan B" measures - an order for people to work from home when they can, to wear masks in public places and use COVID-19 passes to enter some venues - would please many in his party who want to return to something more akin to normal life.

The senior government source said the review could come this week, but possibly early next week.

The measures are currently set in place until at least Jan. 26 after they were introduced in December to try to curb the spread of the Omicron variant.

Education minister Nadhim Zahawi said earlier that infections and hospitalisations from the variant looked to be "plateauing", raising hopes that some of the measures could be removed.

"I'm confident that when we review this on the 26th of January, as we said we would do, then we'll be in a much better place to lift some of these restrictions," he told Sky News.

Asked about the questions over Johnson's future, Zahawi said the prime minister "understands the level of hurt in the country".

(Reporting by Elizabeth Piper; editing by Michael Holden and Alex Richardson)


© Reuters 2022
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Analyst Recommendations on ON SEMICONDUCTOR CORPORATION
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Financials (USD)
Sales 2022 7 995 M - -
Net income 2022 2 077 M - -
Net Debt 2022 316 M - -
P/E ratio 2022 12,2x
Yield 2022 -
Capitalization 24 532 M 24 532 M -
EV / Sales 2022 3,11x
EV / Sales 2023 2,78x
Nbr of Employees 31 650
Free-Float 71,4%
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Mean consensus BUY
Number of Analysts 29
Last Close Price 56,46 $
Average target price 72,44 $
Spread / Average Target 28,3%
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Managers and Directors
Hassane El-Khoury President, Chief Executive Officer & Director
Sam Thad Trent Chief Financial Officer, Treasurer & Executive VP
Alan Campbell Director
Johannes M. C. Stork Chief Technology Officer & Senior Vice President
Wei-Chung Wang Executive VP-Global Manufacturing & Operations
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