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ON

The article provides a comprehensive analysis of ON Semiconductor (NASDAQ:ON) compared to its industry peers in the Semiconductors & Semiconductor Equipment sector. ON Semiconductor shows potential undervaluation with lower PE, PB, and PS ratios compared to the industry average. However, it faces challenges with lower ROE, EBITDA, gross profit, and negative revenue growth, indicating weaker financial performance and slower expansion. The company has a favorable debt-to-equity ratio, suggesting a stronger financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 3:00 pm

SPY

UNG

The latest data on USA natural gas storage shows an increase of 35 billion cubic feet, matching the prior level and slightly exceeding the estimated 33 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:30 pm

META

Meta Platforms (NASDAQ:META) has seen a surge in options activity, with significant investments in call options suggesting bullish sentiment among investors. The options activity indicates a potential price range of $300 to $535. META's stock is currently trading at $523.22, up 1.25%, with RSI readings suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:01 pm

NOK

Nokia's mobile networks assets have reportedly attracted interest from Samsung, according to Bloomberg. This development could lead to potential strategic moves in the telecommunications sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:22 pm

EOSE

Eos Energy Enterprises has achieved key performance milestones, allowing it to draw an additional $30 million from Cerberus Capital Management to fund operations and expand production. This positions Eos to meet growing demand for its energy storage solutions.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:41 pm

SLNH

Soluna Holdings, Inc. recently held a groundbreaking ceremony for its Project Dorothy 2 on August 28. This event marks a significant step in the company's expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:18 pm

ENSC

Ensysce Biosciences has announced a $5 million registered direct offering and a concurrent private placement, issuing 3.55 million shares of common stock and warrants at $0.47 per share. The proceeds will support the development of their abuse-deterrent opioid PF614-MPAR and other programs.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:05 pm

POETF

POET Technologies is reorganizing its engineering team by establishing a Global Engineering Organization in Singapore, led by Dr. Mo Jinyu. This move involves transferring functions from Allentown, PA to Shenzhen and Singapore, aiming for annual savings of $1.8-$2 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:28 am

JPM

JP Morgan Asset Management is liquidating two ETFs: JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF. Shareholders will receive proceeds at net asset value around October 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:10 am