B.Riley FBR analyst Craig Ellis reiterated a Buy rating on ON Semi (NASDAQ: ON) today and set a price target of $24. The company’s shares closed on Friday at $15.84, close to its 52-week low of $15.66.
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 26.1% and a 62.6% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
ON Semi has an analyst consensus of Moderate Buy, with a price target consensus of $26.15.
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ON Semi’s market cap is currently $6.75B and has a P/E ratio of 7.44. The company has a Price to Book ratio of 2.20.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group.
